Friday Letter

Digital Realty’s fundraise further demonstrates a new kind of contender

The data center giant’s $3.25bn debut fund adds to a growing cohort of listed specialists making significant inroads in private real estate capital markets.

Investors still have room for decarbonization strategies

In raising $370m for its first global ‘brown-to-green’ real estate fund, LaSalle has proven there is no time like the present to put sustainability front and center.

Iran conflict casts doubt over European real estate’s growth outlook

Off the back of a wave of positive market sentiment, the region has more to lose should the war continue to put pressure on the price of oil.

In a volatile world, risk management gets more granular

With the Iran conflict creating further uncertainty for private real estate executives, intensive diversification is becoming the answer.

When big ambition is challenged by a lack of exits

The Middle East has become an investment hotspot for several of the world’s largest real estate managers, but exit avenues remain a sticking point for investors.

Real estate broker-owned managers face further growth headwinds

The steep stock market selloff last week compounds an already daunting challenge for property services firms to scale their investment managers.

Even small investor shifts can make big waves in fundraising

Azora’s record-breaking fund is a notable beneficiary of more capital moving away from the US and toward Europe.

Investors have compelling reasons to embrace new manager relationships

Underperformance by incumbents and a spotlight on specialized strategies are prompting more institutions to add to their rosters.

CPP Investments is breaking away from its old real estate playbook

As its latest two property deals demonstrate, the Canadian pension is now full speed ahead with implementing its revamped strategy.