Family Office

The REIT, which will be seeded with a $1.6bn portfolio of assets, will be the largest vehicle of its kind focused on the sector.

Although 38% of investors were overallocated to the asset class in 2023, only 27% plan to invest less capital this year.

The outlook for 2024 stands in stark contrast to 2023 as institutional appetite for real estate picks up, says James Jacobs, head of real assets for Lazard’s private capital advisory group.

Investors are hurting from the poor performance of real estate, but this has not diminished their appetite for fresh investments.

Following a trip to the Middle East, Berkadia’s Noam Franklin expects investors in the region to be interested but highly selective on US real estate opportunities this year.

The former Apollo senior executive has left the Swiss investment group less than a year after he joined in April last year.

Growth in fractional real estate investing and crowdfunding is showcasing the need for reliable information.

Exits include its shares in Chinese logistics company CNLP and all of its non-performing loans in the country.

If fundraising continues at its current place, the year is on track to end with the lowest amount raised since 2012.

Over 80% of institutions in the capital advisory firm’s latest Allocations Monitor are now actively considering fund investments.