Allocation Strategy

Meadow Partners’ Kaplan makes the case for preferred equity

The New York-based manager has made more than $150m in preferred equity investments over the past five months.

LaSalle sees a new core emerging for commercial real estate lending, investing

Co-CIO Rich Kleinman says more niche categories are entering the mainstream with prior portfolio staples such as office investments in value limbo.

Sabal sees pivot toward bank lending partnerships

The California-based manager is seeing more opportunities as banks take closer looks at their balance sheets.

Inside Ares and RXR’s New York office joint venture 

The Ares-RXR venture comes at a time when transaction activity in the city has started to tick upward and capital is starting to move.

Private real estate groups see relative value swing toward credit

Negative sentiment and macroeconomic and geopolitical concerns continue to hold back the market, panelists said at PERE America.

Deep Dive: CalSTRS’ real estate changemaker

Taking charge of the pension giant’s $50bn AUM property business is a daunting task. But Julie Donegan is prepared for the challenge.

Principal’s Karlekar sees portfolio evolution as investor allocations shift 

The structural shifts in the market are changing the way capital is deployed into different property types and locations.

US debt markets prepare for rise in foreign investors 

A disrupted commercial real estate capital markets means investment opportunities are more nuanced than there were in past cycles.

Borrower profile: Ballast Rock sees rising real estate allocations 

The manager is also seeing distressed opportunities amid tightening borrowing markets.

The real estate silo has become an outdated model

The original justification for Canadian pension plans having standalone property platforms no longer holds up today.