Data Snapshot

Lazard: Liquidity is returning, albeit selectively

A recovery in activity levels is forming as institutional appetite turns positive during the first half of 2024, says James Jacobs, head of real assets for Lazard’s private capital advisory group.

GRESB: Brown-to-green strategies can increase capital impact

The value of sustainable buildings should not be confused with the practice of sustainable investment in buildings, say GRESB’s Chris Pyke, chief innovation officer, and Parag Cameron-Rastogi, real asset analytics director.

Pennybacker closes on fourth-largest real estate fund this year

The firm, which closed $100m over its target for Fund VI, is part of a growing percentage of managers beating their fundraising goals.

Investors and managers continue targeting the residential sector

But mirroring the overall commercial real estate sector, residential fundraising totals have been trending down since 2021.

CPP Investments further reduced real estate holdings in FY 2024

The Canadian pension plan posted a 5% loss in the asset class, blaming the poor performance partly on rising interest rates.

Berkshire Global Advisors: Retail capabilities will feature prominently in M&A recovery

Mergers and acquisitions remain muted, but potential sellers are hungry for partners that can push their products onto retail investors, says Drew Murphy, partner and head of real estate at Berkshire Global Advisors.

MSCI: Using probability as a proxy for market liquidity

A market’s depth, breadth and historical trading reveal how quickly it may recover from today’s property crisis, says Tom Leahy, MSCI’s head of EMEA real assets research.

Pi Labs: A start-up mindset is needed to achieve net-zero real estate on time

Carbon emissions can be reduced at a substantially faster rate with proptech adoption, says Luke Graham, the firm’s head of research.

2022’s fundraising proves a tough act to follow

Fundraising for APAC-focused real estate debt funds came back down to Earth in 2023, having reached a peak the previous year.

Investor appetite helps real estate turn the corner

The outlook for 2024 stands in stark contrast to 2023 as institutional appetite for real estate picks up, says James Jacobs, head of real assets for Lazard’s private capital advisory group.