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Performance is in the eye of the beholder

Question: What do two of the following three funds have in common: Brookfield Strategic Real Estate Partners III, Starwood Global Opportunity Fund XI and Blackstone Real Estate Partners Asia II? Answer: Two of the three funds – the largest vehicles to have closed or are expected to close in 2018, according to PERE data – […]

KaiLong fully invests maiden $238m China vehicle – Exclusive

KaiLong Real Estate Investment has fully deployed the capital raised for its debut US-dollar denominated China and Hong Kong-focused fund.

BlackRock: Turning the page in Asia

John Saunders, BlackRock’s head of Asia-Pacific real estate, reflects on the sale of Asia Square as the firm’s strategy in the region.

KTCU eyeing 6% overseas RE investment returns in 2018

Korea Teachers’ Credit Union, the Korean public pension, is aiming to increase its net overseas real estate assets under management to around KRW 3.8 trillion ($3.5 billion; €2.9 billion) in 2018, an increase of KRW 600 billion from its current AUM. Speaking at PERE’s annual real estate conference in Seoul, Sung Seog Kang, chief investment […]

Blackstone starts Q4 with $38.4bn in RE dry powder

The firm spent the third quarter investing largely outside of the US, including two major purchases in Europe.

Apollo’s Trophy Property work rewarded with re-ups

The turnaround carried out by the New York private equity giant’s Asia real estate team on a Chinese property fund has been vindicated with a trio of re-ups.

Lower return targets for funds are a sign of the times

In today’s difficult investment environment it makes sense for investors to support managers lowering their expected returns.

Oppo funds must control the basis on entry

The risk of overpaying for core property must not be replaced with overpaying for core-plus dressed up as value-add or opportunistic.

Benjamin: ‘cycle advanced but not calling market’– Exclusive

US asset manager Ares Management has just completed €725m of exits in Europe but real estate head Bill Benjamin insists the firm has appetite to keep investing in the region.

Harvard endowment posts ‘disappointing’ results

But the $36bn fund reported strong real estate returns as it plans to spin out its direct real estate platform by year-end.

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