Deals

Private real estate losses prompt search for answers

As a growing number of covid-era deals underperform, investors are probing whether market timing or poor manager decisions are to blame.

The cost of capital is climbing – and dealflow is feeling the strain

This week on The PERE Podcast, market participants are grappling with more economic noise as they try to fund and rework capital stacks during a period of rising costs and risk spurred by global geopolitical issues and their local repercussions.

Chatham Financial to buy Hodes Weill & Associates

One of private real estate’s best-known capital advisory firms has multiple key objectives in becoming part of the capital markets adviser.

Invesco Real Estate buys majority stake in a $2bn senior housing portfolio

The assets were assembled by Kayne Anderson, which will stay on as a minority investor.

Ares Management to buy retail-focused Whitestone in $1.7bn deal

The transaction marks the third privatization of a retail-focused REIT by a top 10 PERE 100 manager over the past year.

La Caisse, Prologis form €1bn pan-European JV

The investment consolidates most of the pension manager’s regional logistics portfolio into one platform.

BGO seeks ‘deep operating expertise’ with Bell Partners acquisition

Having previously relied on joint ventures with operating partners to drive performance in residential, BGO will leverage these capabilities in-house with Bell, says co-president Amy Price.

Invel founder’s big Greece bet pays off

PERE Deals caught up with Chris Papachristophorou shortly after his firm exited a seminal deal executed during the Greek financial crisis.

Altus Group on the narrowing ‘alternative’ premium in niche property sectors

As capital flows into niche real estate, the yield premium that once compensated for asymmetric information and limited transaction history continues to narrow, according to Omar Eltorai, senior director of research, and Alexander Jaffe, regional lead of valuation advisory, at Altus Group.

Hines acquires UK logistics portfolio as part of mid-box strategy

The manager now owns eight similar assets in the UK through its core-plus HEPP fund.