News

PSP reports $1.5bn real estate loss amid shift toward infra

The Canadian pension cited residential oversupply and domestic immigration policy as contributors to the portfolio’s -7.3% return in fiscal 2026.

Energy costs bring renewables into sharper focus

With the Iran war exposing the volatility of energy pricing and the fragility of global supply, real estate managers consider how renewable energy can help mitigate the risks.

PERE Credit 100 launch arrives at an industry-wide inflection point

PERE’s debut ranking of the top 100 private real estate credit fundraisers is preceding a cycle where managers are expected to play a more significant role in refinancing and supporting the real estate industry’s transaction momentum.

Core real estate stands to benefit from rising infrastructure risk

The strategy is regaining its appeal as other real assets become more vulnerable amid heightened geopolitical tensions, writes Josh Pristaw, president at Clarion Partners, real estate investment manager of Franklin Templeton.

Partners Group’s Asia real estate boss to step down

Chien’s departure is the latest in a number of recent senior leadership changes in the Partners Group’s real estate business.

Affinius nears $1bn raise for first data center fund

The Texas-based manager has pulled in $905m to date for the US-focused vehicle, backed by investors including Canadian pension La Caisse.

Daitch leaves CIO role at ESR as overhaul continues

A year after ESR’s privatization, Josh Daitch’s exit comes as the firm prepares to welcome former Lendlease CEO, investment management, Justin Gabbani as head of fund management.

Danish pensions anchor first close of Urban Partners’ regeneration fund

PensionDanmark and SamPension are both backing the Northern Europe-focused vehicle as first-time investors with the Copenhagen-based manager.

Brookfield forms ground-lease JV with specialist Safehold

The manager acquired a non-controlling stake in a US portfolio assembled by public REIT Safehold, which has options to reacquire it after seven years.

Japanese real estate investors raise return targets amid rising rates

The country’s institutions are recalibrating their core-heavy strategies to focus more on value-add opportunities.