Friday Letter

Brookfield’s lofty growth ambitions will be tested in Asia-Pacific

The mega manager aims to reach $120bn in real estate AUM in the region over the next five years. Achieving that target is another matter.

For mid-sized managers seeking M&A, one factor is essential

There may be a swath of real estate firms seeking a capital partner to stay competitive, but only those with targeted growth plans are catching investors’ attention.

Is the Maple 8’s real estate dominance on the wane?

The turnover of property chiefs at Canada’s largest pensions coincides with the investors’ declining allocations to the asset class.

In succession planning, continuity is not always the priority

As other managers favor internal promotions for top real estate posts, Starwood chairman Barry Sternlicht says he chose his successor in part for a fresh perspective.

Is the real estate recovery finally beginning?

Early indications of an uptick in transaction activity signal the end is in sight for the drought of real estate fund distributions.

Sixth Street should become a real estate fundraising juggernaut

With the manager’s $1bn takeover bid for Plymouth Industrial REIT capping 18 months of growing its property platform through M&A, dedicated capital formation could be next.

Managers cannot opt out of the sustainability spotlight

The issue has fallen down the industry’s priority list, but other groups are still holding property owners accountable for their climate actions.

What’s in a hard-cap?

Setting an upper limit for a vehicle’s size still serves an important purpose in today’s tough real estate fundraising market.

How to be an unforgettable real estate leader

Blackstone’s Wesley LePatner is gone too soon, but she made a lasting impact on the industry in myriad ways.

PSP’s Australian logistics bet is more than meets the eye

The Canadian pension investor’s unique commitment represents newfound conviction in a relatively untapped property market.