News Analysis

The fund is the largest the firms have raised since kicking off the partnership.

Damage from the devastating fires has had a less significant impact on the commercial sector, according to reports from data provider Trepp and rating agencies Fitch and KBRA.

The offering, and other debt deals completed via TASE, allowed Moinian Group to expand its debt and equity platforms.

The 16-year GIC real estate veteran will replace Gallistel, who is joining CBRE IM as the co-chief executive.

The 10-year Treasury last week hit its highest level since April, rising to 4.7 percent on January 8.

Donner, who fills a newly created role, joins the firm from PIMCO Prime Real Estate.

The pension fund’s plans involve committing to several debt and equity managers, and appointing a new investment consultant.

Dhaval Parikh previously ran the Los Angeles-based manager’s real estate debt platform capital raising efforts.

Chicago-based manager was part of the capital stack for the construction financing on The Edison, a 378-unit, mass timber luxury apartment building in Milwaukee.

Industry veteran Brad Cohen will be integral for risk management and identifying growth opportunities.