Harrison Connery
The vehicle’s $2.6bn final close came months before Brookfield agreed to buy the Los Angeles-based manager’s outstanding shares.
Americas head Brad Gries will assume the top job at the Chicago-based manager as incumbent chief executive Mark Gabbay transitions to executive chair.
Continuity concerns over the manager’s $650m sale to Barings appear to be quelled as it pulls in its second-largest capital haul to date.
The increase would come after CRPTF fell short of its non-core commitment target in 2025.
The firm’s decision to have only a sole global head leaves a leadership vacuum – and contradicts its earlier position on oversight of the business.
PERE America Forum participants discuss how the convergence of property and other asset classes has created new opportunities – and new problems.
One of private real estate’s hottest sectors is also one of the most opaque, according to speakers at the PERE America Forum.
The two Maple 8 investors are turning a more analytic eye toward real estate investments to drive higher returns, attendees heard at the PERE America Forum.
Strong rental growth allowed the manager to exit portfolios of industrial and student housing assets three years earlier than planned.
The capital raising momentum comes amid an uptick in deployment, which is up 78% year-on-year in the asset class.