Newsletter

Blueprint: GPIF’s first real estate fund investment, BentallGreenOak’s industrial REIT IPO, GI Partners’ hedge to office

Japan’s GPIF taps Blackstone for first direct real estate fund investment after previously investing in fund of funds, BentallGreenOak launches $5 billion REIT to capture retail capital for industrial real estate investments, GI Partners’ founder sees data centers as a natural hedge to office; and more in today’s briefing, exclusively for our valued subscribers.

Blueprint: EQT Exeter’s $4.9bn fundraise, DFI and Argo’s industrial JV, Generali’s splash acquisition of Pearlmark’s parent

EQT Exeter is eyeing distress for its largest industrial fund to date; DFI and Argo form a joint venture to enter UK industrial; Pearlmark expected to benefit from Generali’s acquisition of parent company from Cathay Life; and more in today’s briefing, exclusively for our valued subscribers.

Blueprint: PERE’s 100 and 200 manager rankings released, the role of debt in pricing SL Green’s half-share sale of 245 Park, Gaw raises $3bn fund

PERE’s 100 and 200 manager rankings demonstrate New York’s grip on private real estate fundraising is loosening; attractive debt explains the pricing of SL Green’s 49.9 percent stake sale of a Class A New York office; Gaw Capital raises $3bn, deploying; and more in today’s briefing, exclusively for our valued subscribers.

Blueprint: Bain gets back on the fundraising trail, Prologis’s big industrial buy from Blackstone, GCP’s $3.2bn fundraise

Bain Capital re-enters the market with its third real estate fund, Prologis buys $3.1 billion of industrial property from Blackstone on its balance sheet, GCP crosses the $3 billion threshold in its open-ended Japan fund; and more in today’s briefing, exclusively for our valued subscribers.

Blueprint: Central banks diverge, QIA’s hospitality buy from Egypt heralds brighter relationship, Starwood’s single-family SREIT sale sees assets back with prior owners

Central banks diverge paths for the first time in months as inflation and high rates persist; QIA’s projected minority stake in a hospitality portfolio of Egypt’s sovereign wealth fund has greater ramifications; Starwood plans 2,000 unit portfolio sale, including in part to previous seller Pretium; and more in today’s briefing, exclusively for our valued subscribers.

Blueprint: Brookfield’s understated target, Blackstone’s profitable BREIT hotel sale, GIC aims to add Indian assets to its shed collection

Brookfield’s $15 billion target for its latest opportunity fund is characterized as deliberately understated; Blackstone books a $275 million profit from its sale of a San Antonio hotel out of its BREIT portfolio; GIC continues to target stockpiling industrial assets, this time in India; and more in today’s briefing, exclusively for our valued subscribers.

Blueprint: Lone Star boss considers distress investing today, real estate reacts to the US debt ceiling agreement, what ESR’s Korea vehicle launch means

Lone Star’s Grayken sees opportunities while the market finds its footing; a US debt ceiling deal relieves pressure on real estate but does not remove its obstacles, for now; ESR prepares a South Korea vehicle to capitalize on refinancing problems in the country; and more in today’s briefing, exclusively for our valued subscribers.

Blueprint: Fortress’s acquisition by Middle Eastern sovereign, Urban Partners’ new conglomerate status, Brookfield’s Oz BTR venture

Fortress gets snapped up by Middle Eastern sovereign wealth fund Mubadala Investment Company, Urban Partners receives initial test of its strategic restructuring from investors, Brookfield expands into Australian residential with BTR deal; and more in today’s briefing, exclusively for our valued subscribers.

Blueprint: Remembering Sam Zell, GIC and Brookfield’s India acquisitions, ADIA hires head of Americas real estate

We remember Equity Group Investments chairman Sam Zell; GIC and Brookfield purchase two properties in India for $1.4 billion; ADIA adds a regional head of real estate to complete its senior leadership team in the asset class; and more in today’s briefing, exclusively for our valued subscribers.

Blueprint: Brookfield’s fifth global fundraise, ESR’s maiden Thailand investments, Tishman Speyer’s APAC family office fund

Brookfield’s next global fundraising effort kicks off with the Toronto-based manager eyeing a “tremendous vintage”; ESR enters Thailand with local developer; Tishman Speyer adds to the growing list of private wealth ventures in Asia; and more in today’s briefing, exclusively for our valued subscribers.