Friday Letter

Europe is the ‘safer option’ for real estate right now

Executives onstage at the PERE Network Europe Forum in London this week emphasized the region’s growing appeal in contrast with the US. But will it stick?

Residential offers steady ground in uncertain markets

In today’s volatile market environment, private real estate’s most-favored sector also provides the most stability.

BGO’s Asia fundraising appeal is not as surprising as one may think

There are multiple reasons why the Miami-based firm’s biggest capital raise to date has been outside of its home region.

Ambitious targets are hard to achieve but still worth setting

Investors like ABP have good reason to pursue €1bn affordable housing goals, despite the challenges of investing in the sector.

Middle East looks increasingly viable as an investment destination

Geopolitical and macroeconomic factors now add to the GCC’s attractiveness to global private real estate managers.

The US is starting to lose its luster for real estate investors

Tariffs are driving investors away from the world’s largest property market – which has been a boon for managers targeting other regions.

Blackstone changed the way it creates platforms for a key reason

Amid a shifting geopolitical landscape, the mega manager is taking a different approach to how it sets up its logistics businesses.

Real estate secondaries are set to thrive in ‘25 

US President Donald Trump’s policies have positioned the real estate secondaries market for a banner year of activity.

There is still room for new real estate debt fund managers

Despite the lack of deal volume and build-up of dry powder in the sector, there remain parts of the market where borrowing needs are not being met.

Will the early fundraising recovery be short-lived?

Although PERE’s Q1 2025 data has encouraging takeaways, tariff-driven uncertainty means it is still too early to celebrate.