Newsletter

Blueprint: PERE Europe discusses sector difficulties, Blackstone’s pioneering India REIT, Invesco Real Estate’s record US fund close

PERE Europe’s first day reveals sector nerves amid uncertainty; Blackstone launches first pure-play retail REIT in India, adding to its presence in the market; Invesco Real Estate raises return expectations as it closes its record US non-core fund; and more in today’s briefing, exclusively for our valued subscribers.

Blueprint: Brookfield’s second office default, Goldman Sachs’ affordable housing venture, Ascent’s family office partnership

Brookfield defaults on 12-property office portfolio in Washington DC and other locations after extending debt three times; Goldman Sachs forms a $1.15bn affordable housing venture at a time when the sector has ‘never been more important’; Ascent Real Estate, formerly of Carlyle China, partners with a family office to expand its specialty real estate investment strategy; and more in today’s briefing, exclusively for our valued subscribers.

Blueprint: Blackstone’s Industrials REIT take private, Barings’ first niche value-add fund, Keppel’s new CEO

Blackstone takes UK industrial REIT private for a 42 percent premium, making some onlookers nervous about pricing; Barings raises first US niche fund focused on office as it eyes franchises of funds; Keppel’s Mah retires, paving the way for Lee to take over as CEO; and more in today’s briefing, exclusively for our valued subscribers.

Blueprint: Blackstone’s latest record fundraise, Brookfield’s REIT loses its leader, Lone Star’s distressed focus

Blackstone closes $30.4 billion opportunistic fund despite today’s challenging market environment, Brookfield’s Vaughan hands over reins of its private REIT to property boss Kingston, Lone Star targets retail and hotels for its latest fund as most distressed areas of the market; and more in today’s briefing, exclusively for our valued subscribers.

Blueprint: PERE’s cover story on price discovery, the White House’s call for new banking rules, this year’s compensation survey results

PERE’s April cover dives deep on price discovery and when transaction activity is set to bounce back; the White House calls for a new set of rules for mid-sized banks, looking to reverse Trump-era rollbacks; PERE unveils the results of its joint compensation survey with Sousou Partners; and more in today’s briefing, exclusively for our valued subscribers.

Blueprint: SVB’s purchase abates Deutsche Bank’s troubles, Starwood’s Sternlicht criticizes rate hikes, ESR’s divestment plans

SVB’s sale assuages markets, including stemming Deutsche Bank’s drop in share price; Starwood’s Barry Sternlicht laments the Federal Reserve’s decision to continue hiking rates after regional bank failures. Plus: ESR plots up to $750 million divestment following ARA acquisition; and more in today’s briefing, exclusively for our valued subscribers.

Blueprint: Credit Suisse’s takeover and regulatory change stokes fears, ECB’s interest rate hike, MIPIM takeaways

Credit Suisse’s rescue by UBS raises concerns for investment management businesses; US managers sense regulatory change; the ECB increases rates as the Federal Reserve’s next meeting looms; takeaways from a busy week at MIPIM, the world’s largest real estate conference; and more in today’s briefing, exclusively for our valued subscribers.

Blueprint: Silicon Valley Bank’s and Signature Bank’s collapse and the real estate fallout, North American investors’ China problem, Niam’s latest roadshow

Silicon Valley Bank and Signature Bank failures have different initial implications for real estate managers; some North American investors have a China problem, as told in PERE’s latest deep dive; Niam returns to fundraising form with a big CalSTRS commitment; and more in today’s briefing, exclusively for our valued subscribers.

Blueprint: Blackstone defaults on debt but sees waning fund redemption queues, Lone Star’s 22nd fundraise coming, AXA IM Alts raises notable capital for debt

Blackstone defaults on Finnish portfolio despite efforts to stave this off in the same week it reports redemption queues for BREIT softening; Lone Star Funds begins fundraising for its 22nd real estate opportunity fund; AXA IM Alts pours as much into debt as it does equity in a sign of the times; and more in today’s briefing, exclusively for our valued subscribers.

Blueprint: PERE’s Award winners about to be announced, GIC’s INDUS take-private, CPP Investments hires global real assets head

PERE Award winners are announced tomorrow, with a varied field of winners; GIC’s INDUS Realty Trust purchase is the state fund’s fourth REIT privatization in the last year; CPP Investments hires global head of real assets six months after losing predecessor to a competitor; and more in today’s briefing, exclusively for our valued subscribers.