News

The PERE GI 100 feels the full force of headwinds

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

How macroeconomics shook up the PERE GI 100

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

New Mexico SIC to boost real estate exposure with $5bn commitment plan

The US wealth fund also seeks to increase its non-core allocation, targeting industrial and multifamily.

UK pension fund Nest sees ‘attractive’ development proposition

The investor’s £150m commitment to a BTR joint venture marks ‘quite a departure’ for its real estate strategy, says CIO Elizabeth Fernando.

The long, slow road to performance recovery

The industry is grappling with another round of ‘challenged vintages’ as the asset class marks seven consecutive quarters of negative results.

Korean, Japanese investors diverge at PERE Japan Korea Week

One major takeaway from the week-long event was the differing real estate estate appetites between Korean and Japanese investors.

POBA’s Song sees a ‘golden opportunity’ to invest in real estate

The South Korean pension fund has kicked off its return to equity investing in the asset class with commitments to logistics strategies.

NPS’s Kim: ‘We won’t shy away from smaller ticket size opportunities’

The team plans to invest in small to mid-sized managers, co-found new platforms, and accept investments under $100 million.

Transamerica Pyramid, San Francisco: BVK balks amid tenant lawsuit

The building’s owners have completed $250m in upgrades since 2020, but a lawsuit claims the renovations are too little, too late.

Blackstone and CPP Investments acquire AirTrunk for A$24bn

Blackstone will make its investment in the data center business from four separate strategies – real estate, infrastructure, tactical opportunities and private equity.