News

GPIF taps Hong Kong’s Phoenix for domestic push

This marks the first time the world’s largest pension fund has invested in an Asia-based real estate manager.

Borrowing costs move to forefront as Iran conflict persists

While credit spreads have widened modestly, real estate managers are facing the potential for elevated debt costs as base rate projections change.

MARK holds first close for third Crossbay logistics fund

The London-based manager is targeting its largest-ever fundraise, with CBRE IM’s Indirect business among the first investors in the fund.

CBRE IM creates role to target growth in European value-add

Former Hines executive Paul White will head up CBRE IM’s Europe Value Partners series, for which the manager has not raised a fund since 2018.

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.

Realty Income’s Sumit Roy: ‘We were capital constrained’

In an exclusive interview on The PERE Podcast, the $60bn market cap REIT’s CEO explains why private fundraising will now fuel the listed property specialist’s growth plans.

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.

Galvanize ties fees to emission targets in real estate fund

The energy-focused investment firm has raised $370m for its first real estate fund and plans to get its properties to operational net zero within three years of purchase.

Carmel Partners raises $1.35bn for ninth US multifamily fund

With its latest fund, the firm has pivoted from a focus on ground-up development to buying and upgrading operating assets as return propositions have shifted.