Newsletter

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.

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.