Managers

The New York-based firm’s latest vehicle is effectively a non-traded REIT within a 1940 Act wrapper, but the wrapper is where the innovation lies.

The New York-based private equity firm’s KREST could democratize access to institutional real estate through a number of ‘investor-friendly’ features.

Market sources say non-bank lenders dominate the financing of such schemes as they look for returns in parts of the market underserved by traditional banks.

Along with confirming the New York-based firm’s ownership of an iconic asset, the favorable ruling protects Italy’s viability as an investable market.

Following his firm’s acquisition of the debt manager, the global chief executive sees huge potential in credit strategies as banks retrench from real estate.

The Los Angeles-based firm’s real estate head said the acquisition of Black Creek Group will drive expansion in several areas, including in retail capital.

The Sydney-based real estate fund manager will provide equity for the acquisition of seed assets and bring in co-investment capital from its investors.

The $207bn global alternative asset manager’s US real estate debt platform made up the largest share of its AUM in the asset class.

Historically, real estate has performed well when prices rise, but the pandemic era raises unique questions and challenges.

With the pandemic opening up secondary opportunities, the Los Angeles-based firm went on a performing loan buying spree for its $650m strategy.