Newsletter

Blueprint: A life sciences rebound, Ontario Teachers’ Asia retreat, Sixth Street’s staycation and more

This week’s top story highlights a contrarian effort in one of real estate’s most challenged sectors of recent years: life sciences. Eyeing opportunity in the wake of a broad retreat from the category, Tishman Speyer-backed Breakthrough Properties is back with a second fund with $430 million in initial commitments to show for it. Elsewhere, retrenchment wears on as Ontario Teachers cuts its Asia real estate team, prime offices enjoy a global rent bump, Sixth Street bets on San Francisco and more in this week’s digest, exclusively for our valued subscribers.

Blueprint: Tokio Marine’s ACORE buy, Blackstone’s leadership change, Madison’s APAC secondaries push and more

As the impacts of deglobalization continue to ripple through international markets, a handful of cross-border maneuvers stand out this week, starting with Japanese insurer Tokio Marine’s purchase of a majority stake in US real estate credit manager ACORE Capital. Elsewhere, Blackstone global co-head of real estate Kathleen McCarthy announces her exit after 15 years with the firm; secondaries specialist Madison International Realty plots a push into Asia; the Abu Dhabi Investment Authority pulls off a large exit in Singapore; Japan’s GPIF backs another American manager in its home market and more in this week’s digest, exclusively for our valued subscribers.

Blueprint: Gaw retrenches to Asia, Brookfield sells on secondaries market, PERE America arrives, and more

The week leading up to PERE’s 20th annual PERE Network America Forum was one of push and pull: Gaw Capital decided to stop adding to its institutional offerings in Europe and the US in a retrench to Asia; Brookfield pushed into real estate secondaries exits; and EDF Invest thrust its way into the residential sector; and more in this week’s digest, exclusively for our valued subscribers.

Blueprint: Makarora, Ares to take Plymouth private, AEW ends its Asia flagship series, the trend driving consolidation, and more

The seasons have finally begun to change in many markets this week, but private real estate still finds itself in a similar state of flux. Makarora and Ares Management swoop in as surprise buyers for Plymouth Industrial REIT; AEW ends its Asia fund series; parent PEI Group’s Private Markets 2030 feature demonstrates changing investor landscape driving manager consolidation; Nuveen gets into the private wealth market; and more in this week’s digest, exclusively for our valued subscribers.

Blueprint: Ares’ new era, BGO’s data center fundraise, target allocations’ slide, and more

A change atop Ares Management’s global real estate business leads the headlines this week, followed by an exclusive on a US industrial fundraise by BGO with a data center angle. Meanwhile, Hodes Weill finds a dip in investors’ target real estate allocations, Prologis eyes capitalization strategies for its own data center expansion, AustralianSuper expands its UK push, and more in this week’s digest, exclusively for our valued subscribers.

Blueprint: StepStone, Greykite’s record €1.5bn recap, Q3 fundraising data, PERE Awards and more

StepStone and Greykite top the private real estate headlines this week with a blockbuster €1.5 billion recap in Spain, and we have all the details below. Elsewhere, New York’s Pantzer Properties reports a $1 billion fundraise; PERE reveals the latest private real estate fundraising data; the PERE global awards reopen; and more in this week’s digest, exclusively for our valued subscribers.

Blueprint: Women of influence, Expo highlights, DPI deep dive, Blackstone’s Gulf game and more

This week marks the release of the fifth annual Women of Influence in Private Markets list – meet this year’s class below. Meanwhile, our latest cover story takes a deep dive into property fund distributions (or the relative lack thereof); European real estate leaders head to Munich for Expo Real, where PERE is on the ground and the stage; Blackstone, SC Capital and CapitaLand stake their claims in the Gulf region; and more in this week’s digest, exclusively for our valued subscribers.

Blueprint: Korea’s NPS and KIC’s different takes on real estate, Aware Super’s US splash, Invesco’s retail push, and more

This week kicks off with the PERE Seoul Forum, where the spotlight was on Korea’s two investment giants, NPS and KIC, and their differing approaches to a shifting global real estate market. Meanwhile, Australia’s Aware Super makes good on a pledge to boost its US exposure; Principal opens a pipeline to French retail investors; family offices warm to US equity; LaSalle sizes up Europe’s potential NATO lift; Sixth Street hires a real estate fundraiser and more in this week’s digest, exclusively for our valued subscribers.

Blueprint: Aware Super’s US deployment plans; BREIT’s next chief; Brookfield’s APAC ambitions

Aware Super takes a bullish – and contrarian – stance as it looks to scale its investment activity in US real estate. Meanwhile, Blackstone names a successor to Wesley LePatner as CEO of BREIT, Brookfield charts a major expansion in Asia, QuadReal and Kennedy Wilson strike residential platform deals, a US pension dials up its risk appetite and more in this week’s digest, exclusively for our valued subscribers.

Blueprint: Korea’s NPS looks to the Nordics; a $1bn real assets fundraise; GIC’s US exit and more

The PERE team has a trove of exclusives packed into this week’s briefing, including the latest move by Korea’s National Pension Service and its quest to grow its direct real estate exposure, as well as a $1 billion debut fundraise for real assets specialist Greenpoint Partners. Elsewhere, Singapore’s GIC eyes a massive US real estate exit, REIT manager RMR Group launches its first private fund, a pair of veteran talent advisers launch a new firm and more in this week’s briefing, specially curated for our valued subscribers.