Newsletter

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.

Blueprint: Iran war’s potential spillover effects; Morgan Stanley’s fundraise milestone; KKR’s real estate repositioning

Market participants at the PERE Network Asia Summit discussed how geopolitical turmoil could spill over into commercial real estate markets; Morgan Stanley Real Estate Investing closed $2.88 billion for the 11th fund in its global opportunity series, drawing new investors with more concentrated capital deployment. Meanwhile, KKR is examining its scalability challenges as the firm’s equity under management has ballooned over the past years; and more in today’s digest, exclusively for our valued subscribers.

Blueprint: PERE Awards 2025; Asia Summit dispatch; Almanac’s minority stake acquisition

The PERE Awards 2025 highlight the biggest achievements in private real estate equity over the past year, marking a shake-up among honorees following the awards’ overhaul. Meanwhile, the PERE Asia Summit is taking place in Singapore this week, with more than 800 global market participants gathering and sharing actionable insights amid ongoing market disruptions. Elsewhere, Almanac acquired a minority stake in Alterra IOS, reinforcing the trend of investors backing sector specialist managers; and more in today’s digest, exclusively for our valued subscribers.

Blueprint: Stoneweg’s M&A push; Kennedy Wilson’s privatization; Nuveen’s investor expansion

Stoneweg plans to scale its real estate AUM to €15 billion by 2030, eyeing the deployment of €1 billion across Europe’s living sector in 2026 alone. Kennedy Wilson is slated to be taken private in a $1.65 billion deal agreed by a consortium of executives at the firm and Fairfax Financial. Elsewhere, Nuveen is diversifying the investor base of its Nordic self-storage platform by inviting capital partners outside its parent company; and more in today’s digest, exclusively for our valued subscribers.

Blueprint: Nuveen-Schroders merger; Mapfre’s portfolio diversification; brokerages’ sell-off implications

Nuveen’s acquisition of London-based asset manager Schroders is slated to form a $2.5 trillion asset management titan with a private real estate exposure at around $172 billion. Madrid-based insurer Mapfre is looking to diversify its property portfolio and seek opportunities outside the office market, investment manager-owning listed brokers experience stock rout because of AI bubble fears and more in today’s digest, exclusively for our valued subscribers.

Blueprint: Azora’s fundraise; Slate’s grocery-anchored strategy; KKR’s core confidence and more

Spanish manager Azora tops the headlines this week with a record Southern European fund, while Canada’s Slate Asset Management is also en route to its largest European fundraise to date. PERE has the scoops on both below. Elsewhere, KKR highlights a “dearth of capital” for core real estate and a corresponding opportunity, the outdoor storage race continues and more in today’s digest, exclusively for our valued subscribers.

Blueprint: Blackstone’s REIT streak, family office trends, investor perspectives and more

The world’s largest real estate manager is set to get larger this year, with Blackstone president Jon Gray predicting increased capital deployment amid “tremendous momentum” for its property business to start 2026. Elsewhere, Madrid-based manager Stoneshield gets the year off to a flying start with its latest fund targeting the Southern European market; PERE’s latest investor survey shows growing confidence in private real estate; Brookfield returns to outdoor storage; a US pension hits obstacles in affordable housing, and more in this week’s digest, exclusively for our valued subscribers.

Blueprint: AI bubble woes, Nuveen CIO’s next chapter, StepStone’s core expansion and more

After changes within Nuveen’s real estate division, its former global CIO and head of investments Carly Tripp started her next chapter this month at another large manager. Find out which below. Elsewhere this week, StepStone is back in the news with the launch of a platform, investors shore up their data center strategies amid fears of an AI bubble, Canada’s CPP Investments makes targeted deployments in the US and Japan and more in this week’s digest, exclusively for our valued subscribers.