News & Analysis

The London-based residential manager has hired its first head of Europe as it looks to scale its platform on the continent.

Inside: Public REITs’ balancing act – can they serve two disparate investor groups?; Introducing PERE’s inaugural ranking of commercial real estate’s top placement agents; How energy costs are bringing renewables into focus; And much more…

The new entrants have closed some of the largest private real estate funds this year, but can they serve two disparate investor groups?

Although the firms all leaned more heavily into niche strategies, they diverged on how to recalibrate their office exposures going forward.

With the manager’s real estate arm set to be acquired by Bridgepoint in a $1.4bn deal, CEO Al Rabil says investors’ changing allocation habits are driving a need to scale.

The sector, which represents 20% of the Canadian pension’s total portfolio, has been its only negatively performing asset class since 2023.

The South Carolina-based residential giant has already raised $1.5bn in six months for the value-add multifamily vehicle.

The manager has pulled in €400m for its oversubscribed opportunity fund focused on Greek and Italian markets.

The firm has a $3bn target and more rigid sector allocations for Realty Value Fund XII, the first launch in the global series since Angelo Gordon’s acquisition by TPG in 2023.

Texas Permanent School Fund is among the investors backing the Boston-based manager’s value-add fund targeting German and Dutch logistics properties.