Regions

GreenPoint raises $1bn for debut real assets fund

The New York-based manager, focused on the intersection of real estate and infrastructure, received investor commitments from both sleeves.

Is the Maple 8’s real estate dominance on the wane?

The turnover of property chiefs at Canada’s largest pensions coincides with the investors’ declining allocations to the asset class.

Oxford names HOOPP’s Eric Plesman CEO as Daniel Fournier exits

Ontario pension OMERS’ real estate arm brings in Plesman, a former exec and now HOOPP’s real estate chief, to take over from exec chair Fournier.

Texas ERS names new head of real assets

Head of private real estate Amy Cureton takes over for longtime real assets lead Bob Sessa, who has retired after 25 years with the fund.

CalSTRS’ real estate consultants urge deployment into valuation-reset market

The California pension with nearly $370bn in assets is building allocations to industrial and multifamily and curtailing office exposure to match policy targets.

Prime office markets are heating up. Has the comeback arrived?

The PERE Podcast highlights the outcast sector’s renewed momentum in New York, London and beyond, featuring Savills research director Oliver Salmon.

In succession planning, continuity is not always the priority

As other managers favor internal promotions for top real estate posts, Starwood chairman Barry Sternlicht says he chose his successor in part for a fresh perspective.

High rates driving ‘record dispersion’ in US real estate performance

Elevated capital costs and government policy shifts have brought historic variance in rent and NOI growth, Davidson Kempner notes in a white paper.

UK’s Border to Coast backs first US value-add fund

The LGPS pool has pledged $90m to a fund managed by Heitman as it continues to build out its global real estate portfolio.

Wall Street high-rise swaps trading desks for lofty living

20 Exchange Place in New York this year secured a $30m equity infusion from UBS to modernize the tower.