News & Analysis

However, the average allocation to private real estate across all institutions rose from 6.9% in H1 2022 to 8% in H1 2024.

The executive’s promotion to chief of staff follows a senior management reshuffle announced at the end of July.

The manager is offloading 11 properties to REIT Equity Residential in separate transactions.

The €5.1bn acquisition of the insurer’s investment management business by the bank would also see the latter’s real estate business become significantly more diversified.

The manager’s open-ended Evergreen Fund contributed equity to the deal, which was financed by a Corebridge Financial loan.

Owners considering sales may want to bring assets to the market sooner rather than later, says Rasheed Hassan, head of global cross-border investment at Savills.

The manager, founded by Blackstone veteran Tyler Henritze last year, made its first publicly disclosed investment via a newly formed joint venture.

Commitments to the firm’s latest opportunistic strategy are ‘materially higher’ than the figure revealed in its earnings statement, says CEO Harvey Schwartz.

The Los Angeles-based manager also expects to hold two real estate fund closes over the next two months.

The Milan-based manager will convert the property into student housing following the 2026 Winter Games.