Deals

Expect more insurers to snap up real estate investment platforms

Insurance companies have long managed outside capital, but where scale exists, balance sheets are increasingly being rethought of as growth engines, writes Deborah Smith, CenterCap co-founder and CEO.

Avatar inks first exit for debut fund

The Tokyo-headquartered private equity real estate firm has significantly exceeded its return targets on a milestone first sale for its maiden opportunistic fund.

Schroders launches private REIT targeting UK self-storage

The firm is considering internalizing the management of the platform to capture enterprise value for its investors, according to global head of real estate Nick Montgomery.

Will lower interest rates jumpstart the private real estate market?

The PERE Podcast reacts to a long-awaited Fed cut and spotlights the key considerations for property investors going forward.

Australia’s Rest joins Blue Owl to invest in US REIT

The investment will help the superannuation fund diversify its property holdings, particularly in the retail and industrial sectors.

Korea’s NPS acquires minority stake in Sweden’s Areim

The investment is understood to be the pension fund’s first stake acquisition in a European real estate manager.

Wall Street high-rise swaps trading desks for lofty living

20 Exchange Place in New York this year secured a $30m equity infusion from UBS to modernize the tower.

Starwood’s Sternlicht on ESR privatization: ‘Our goal here is to clean it up’

Starwood Capital’s chairman and CEO anticipates the transaction will ‘create very high returns’ for the mega-manager’s Fund XII.

ADIA to invest up to $1.5bn in GLP’s Greater China business

The Emirati wealth fund is taking an initial $500m stake in GLP months after the data center and logistics manager sold its international business to Ares.

‘It’s an alpha trade’: Private equity comes for logistics REITs

The PERE Podcast breaks down Blackstone’s pursuit of Warehouse REIT amid a string of industrial focused take-privates.