News & Analysis

The emerging manager received a $100m anchor commitment from Texas TRS.

Amid heightened economic and geopolitical uncertainty, firms are instead focusing on a bottoms-up approach in the asset class.

Prior to Milan Khatri’s appointment, the firm hired BlackRock’s former head of Asia real estate to run its overall investment business.

The median real estate manager could beat private equity returns by 20 basis points over the next decade, he said at PERE Network’s America Forum.

While many believe the US President-elect’s policies will provide stimulus, others worry they will put a real estate recovery at risk.

The fund has $350m in the pipeline across 10 US markets.

Geopolitics and policy dominate the private real estate headlines this week as the property industry prepares for a second Trump administration, the fallout from a German political crisis, and how both could impact key moves by central banks around the world. Meanwhile, Blackstone makes a multi-billion-dollar bet on shopping centers; the PERE Network hosts its 19th annual America Forum; exclusive research provides fresh insight into the outlook for real estate allocations; and much more in today’s briefing, exclusively for our valued subscribers.

Half of institutional investors are under-allocated to real estate amid stronger performance in public equities, finds Hodes Weill and Cornell University’s latest Allocations Monitor.

The right sector exposure is important for buyers, but sellers will be predominantly those looking to scale up with larger firms, writes Berkshire Global Advisors’ Drew Murphy.

The US firm’s real estate credit business has previously focused on the US, Europe and Australia.