Managers

The New York-based manager raised more than half of Fund X’s total from non-US investors.

Several key factors separated the real estate businesses of Goldman Sachs and Morgan Stanley from the rest of the pack.

Lauren Hochfelder and Brian Niles are taking over leadership of a real estate business that is very different from the one they joined.

Following its 2019 restructuring, the bank’s real estate business has been making a hard push to catch up in real estate equity fundraising.

While other banks exited the space, Morgan Stanley and Goldman Sachs stayed the course and restored their credibility in private real estate.

The mood at the EXPO Real conference in Munich this week was somber with all eyes on where interest rates will land.

Rising interest rates have helped to create a dichotomy between investor and occupier demand in one of the most popular property sectors.

Former Goldman executive bolsters the leadership team of the growing regional platform, which has doubled in size since 2016.

While a 25% currency discount is a lure for some international bargain hunters, the institutional attitude has remained largely circumspect.

The Singapore-based subsidiary of real assets manager ESR has seen pent-up global investment demand for the country.