Newsletter

Blueprint: CPP’s last-mile push; Heitman’s self-storage ambitions; a PBSA windfall; and more

Investors are racing to gain exposure to specialty real estate sectors, with experienced operators positioning themselves to benefit. Topping the headlines this week is Canadian pension giant CPP Investments, which broke from tradition with the purchase of a partial stake in a French logistics platform. Elsewhere, Blackstone charts a new course in digital infrastructure, Heitman is off and running with a debut self-storage vehicle, Core Spaces raises $1.6bn to develop student housing, and more in this week’s digest, exclusively for our valued subscribers.

Blueprint: Digital Realty’s private push; Brookfield’s dealmaking boom; Nuveen’s Korea debut and more

Public and private real estate markets are clashing again as listed data center giant Digital Realty plots a fundraising expansion, and we have the exclusive details below. Elsewhere, Brookfield eyes a dealmaking renaissance, Greystar turns to the Middle East, Nuveen debuts in Korea’s living sector and more in this week’s digest, exclusively for our valued subscribers.

Blueprint: Blue Owl’s net lease equity haul; private real estate compensation survey; Ares’ Q1 fundraising

Blue Owl reported gathering $3 billion in equity for its net lease strategy, accounting for three-quarters of its Q1 real estate equity raised; private real estate compensation is rebounding with chief financial officer roles at operational platforms seeing highest growth rate among categories. Elsewhere, Ares Management is on track to achieve a record fundraising year, locking $5 billion of equity and debt commitments for real estate in the first quarter; and more in today’s digest, exclusively for our valued subscribers.

Blueprint: CapitaLand’s mandate from Income Insurance; JEN Partners’ Fund 9; Women of Influence nominations open

CapitaLand Investment is slated to manage Income Insurance’s direct real estate portfolio after taking on a S$2.4bn real estate investment mandate; JEN Partners hits the hard-cap of $900m for its Fund 9 in a speedy fundraising run. In addition, PEI’s Women of Influence in Private Markets program is now open to nominations; and more in today’s digest, exclusively for our valued subscribers.

Blueprint: Chatham Financial to buy Hodes Weill; KingSett Capital’s retail REIT privatization; GPIF’s domestic commitment

Hodes Weill enters an agreement to be purchased by Chatham Financial as it aims to expand in infrastructure; KingSett Capital is acquiring First Capital REIT, absorbing C$4.4 billion of shopping center-anchored assets in the process; the world’s largest public pension fund GPIF is allocating ¥10 billion ($67 million; €61 million) to Phoenix Property’s flagship opportunistic fund, focusing on Japan investments; and more in today’s digest, exclusively for our valued subscribers.

Blueprint: Ares’ REIT take-private; La Caisse-Prologis joint venture; Federated Hermes’ US footprint

The past week was marked by a slew of M&A activities across sectors and borders. Ares is completing its second REIT privatization this year, acquiring Whitestone and absorbing a US necessity retail-backed portfolio. Prologis is launching a new pan-European logistics vehicle through a joint venture with La Caisse, aimed at driving growth with an existing €1 billion portfolio. Meanwhile, Federated Hermes completed a $331 million deal last week to acquire an 80 percent stake in FCP; and more in today’s digest, exclusively for our valued subscribers.

Blueprint: Ares’ double win; Carmel Partners’ buying commitment; Sun Life’s acquisition of BGO

Ares Management closed two flagship value-add funds in the US and Europe, respectively, attracting $5.4 billion in capital commitments and demonstrating improving investor appetite; Carmel Partners is prioritizing acquisition opportunities over development for its ninth value-add fund, which attracted $1.35 billion in equity. Elsewhere, Sun Life cements its growth ambitions after completing the acquisition of remaining interests in BGO and alternative credit manager Crescent Capital Group; and more in today’s digest, exclusively for our valued subscribers.

Blueprint: ICG’s second Metropolitan fund; LaSalle’s decarbonization focus; NorthPoint’s fundraising breakthrough

Firm record fundraises for ICG and NorthPoint Development dominate the headlines this week, demonstrating how logistics strategies in Europe and North America remain high on the agendas of institutional investors; LaSalle Investment Management enjoys fundraising success for a rare offering prioritizing carbon reduction outcomes in real estate investment; CalPERS highlights early performance success after moving up the risk-return curve; and more in today’s digest, exclusively for our valued subscribers.

Blueprint: Apollo’s net lease play; CBRE’s Japan fundraise milestone; GIC’s built-to-suit logistics bet

Apollo is buying a 49 percent stake in a joint venture with Realty Income for $1 billion, backed by a single-tenant retail portfolio on long-term net leases. CBRE Investment Management has raised $2.1 billion for its seventh Asia-Pacific value-add real estate fund, marking the largest fundraise in its Asia Value Partners series; GIC is launching a $1.6 billion US build-to-suit logistics joint venture with sector giant Prologis, its second such push in 2026; and more in today’s digest, exclusively for our valued subscribers.

Blueprint: Savills-Eastdil merger; Fortress explores DST fundraising; Rest Super’s US retail allocation

UK real estate brokerage Savills expands its US services with the $1.1 billion acquisition of Eastdil Secured; Fortress is launching a platform to sell units in Delaware statutory trusts, capturing fundraising momentum among private wealth investors; a trio of Australian superannuation funds commit a combined $330 million to Nuveen Real Estate’s US retail fund; and more in today’s digest, exclusively for our valued subscribers.