Friday Letter

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.

Data centers and power generation should not so rarely intersect

Blackstone’s latest foray in the red-hot sector addresses one of the biggest challenges in the space.

Is private real estate underestimating risk for US life sciences? 

President Donald Trump’s One Big Beautiful Bill Act will create additional headwinds for an already challenged sector.

GPIF is shifting from the predictable to the tactical in real estate

As the world’s largest pension fund continues to expand its property portfolio, it is beginning to show more of its priorities as an investor.

Even for Blackstone, privatizations are not a sure bet

Two UK take-privates failed to take off this week, leaving big-name private equity firms facing an increasingly competitive market for listed buying opportunities in real estate.

Escalating Middle East conflict puts early institutional plays in the spotlight

The start of war between Israel and Iran gives investors cause to re-stress test the region’s commercial real estate thesis.