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More than half of the capital for the California firm’s latest vehicle came from the region, much of it from first-time investors.
The pandemic has brought increased focus on the social aspects of ESG strategies in particular, according to the real estate investment manager.
A $25bn fund in the latest relief package will bring needed aid to apartment owners and renters, but pandemic losses continue to mount.
The asset manager was in the market to buy this summer, but with few opportunities available it pivoted to the sell side – and outperformed expectations.
AXA Investment Managers – Real Assets acquired the 82-year old residential complex in mid-September in a deal worth about €800m.
As covid-19 amplifies the exodus from big, expensive cities, institutional capital must decide if it wants to join the retreat or bet on a return.
The Boston-based manager has launched a $250m joint venture with an Atlanta-based rental home specialist, its second such partnership this month.
The Copenhagen-based manager says the fund, which is more than double the size of its predecessor, is the biggest Nordic-focused vehicle ever raised.
The British Columbia pension investor has converted a debt investment in the operating company into an equity stake.
As the pandemic sends city renters scrambling to the suburbs, the already popular property type is seeing even greater demand.

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