Newsletter

Blueprint: KKR and ODCE’s redemption queues, real estate’s prominence at Davos, MN’s seed M&G investment

KKR and the ODCE index both face redemptions queues as investors rebalance portfolios; real estate prominent at the World Economic Forum in Davos; MN escalates fund commitment sizes as it seeds M&G’s new core fund; and more in today’s briefing, exclusively for our valued subscribers.

Blueprint: BlackRock’s continued reshuffling, ESR’s latest Vietnam expansion, LGIM’s US platform launch

BlackRock makes further leadership changes, promoting its EMEA head to a global chief investment role; ESR continues expansion in Vietnam via a $450 million funding round for a local industrial developer; LGIM opens its US real estate business with initial plans for balance sheet investing; and more in today’s briefing, exclusively for our valued subscribers.

Blueprint: PERE Awards voting closes, Private REIT dust starts to settle, Allianz and PIMCO’s rebrand

Voting in the 2022 PERE Global awards closes with some very tight races, BREIT’s $4 billion commitment from UC Investments furthers discussions around private REITs, Allianz Real Estate rebrands to PIMCO two years after being grouped together by insurance giant parent; and more in today’s briefing, exclusively for our valued subscribers.

Blueprint: Blackstone and Starwood’s rebuttal, QIA and RXR’s preferred equity play, PERE’s 2022 awards voting opens

Blackstone’s Schwarzman and Starwood’s Sternlicht address concerns surrounding their firms’ non-listed REITs; QIA and RXR make a New York multifamily deal work with preferred equity; PERE’s award voting gets under way in a hotly contested 2022 class; and more in today’s briefing, exclusively for our valued subscribers.

Blueprint: Blackstone’s gated REIT, real estate selloff begins, Oak Street’s first mega-fund

Blackstone’s gated private REIT is a sign of things to come as investors seek liquidity; PERE’s latest deep dive shines a spotlight on the beginnings of a real estate selloff as the markets reckon with volatility; Oak Street turns net lease fundraising heavyweight with the first closing of its maiden mega-fund; and more in today’s briefing, exclusively for our valued subscribers.

Blueprint: SC Capital and ADIA’s data center venture, PGIM Real Estate senses credit crunch, Flynn, Varde in $1.1bn hotel commitment, AXA IM’s Australian affordable housing strategy

SC Capital’s data center business receives vindication following ADIA backing, PGIM Real Estate’s global CIO senses a credit crunch as lenders of all types retreat, Flynn and Varde stay committed to limited-service hotels and to each other, AXA IM Alts focuses on affordable housing in Australia with latest build-to-rent venture; and more in today’s briefing, exclusively for our valued subscribers.

Blueprint: GLP’s first discretionary fundraise in China, Schroders’ real estate impact fund launch, Oaktree’s views on volatility

GLP’s latest value-add fund for China demonstrates investor appetite for the firm to have discretion on investments; Schroders emphasizes a scorecard to measure up real estate impact for an incoming fund; Oaktree’s real estate team talks volatility; and more in today’s briefing, exclusively for our valued subscribers.

Blueprint: Hodes Weill’s allocations monitor, Brookfield closes 2022’s largest fund, CalPERS’ real estate spending spree

Hodes Weill and Cornell University’s annual Allocations Monitor white paper reveals stark overallocations among institutional investors; Brookfield’s $17 billion mega-fund stands to be the biggest private real estate vehicle closed this year. Undeterred by current market conditions, US pension CalPERS deploys almost $5bn in Q3 alone; and more in today’s briefing, exclusively for our valued subscribers.

Blueprint: PERE’s latest Proptech 20, Tishman’s industrial JV, GIC & ESR’s India venture

Two of PERE’s Proptech 20 weigh in on the rankings, Tishman Speyer and Mitsui Fudosan sense an opportunity for industrial, GIC and ESR continue partnership in India focused on industrial; and more in today’s briefing, exclusively for our valued subscribers.

Blueprint: KKR’s European debt business growth plans, PERE’s latest fundraising report, APG’s Asia self-storage JV

KKR targets relationship building as the route to growing its debt origination activities for its European credit business; fundraising slows in PERE’s latest report; APG and CapitaLand buy an established Asia self-storage business; and more in today’s briefing, exclusively for our valued subscribers.