Family Office

The Munich-based multifamily office has hired Cord Ernst to run the North American division and struck its first deal in the region.

PERE’s ranking of the largest institutional investors in private real estate succumbs to macroeconomic challenges to record its lowest-ever growth.

With almost half of this year’s ranking witnessing portfolio value declines, institutional investors reflect on a tumultuous period for private real estate.

Cost and stability are key factors in evaluating whether to opt for fixed or floating rate loans to finance deals in the country.

The London firm now counts a sovereign fund among investors in the series, for which it also uses social media marketing to raise capital.

An increasing focus on creating cashflow and upgrading buildings has changed how investment skills are prioritized, said panelists at INREV’s North America event.

Town Lane, founded by Tyler Henritze, closed the fund at its hard-cap without the help of an IR team or placement agent.

The Cleveland-based advisory and manager is looking to tap into private wealth channels following the close of the deal.

With only $19.8bn raised, the first quarter of 2024 recorded the lowest Q1 fundraising amount since 2011 when $15.2bn was corralled.

Markets that are non-regulated or have distress potential are at the top of the menu, investors told delegates at the PERE Network Europe Forum.