North America

In acquiring San Francisco-based Stockbridge for $375m in cash, the firm will also be expanding into IOS and niche residential.

Chris Reilly, who spent the last six years leading Brookfield’s real estate secondaries group, is headed to Pretium to run its property debt and equity businesses.

Marcus Day, former co-head of Brookfield’s real estate secondaries platform, has joined LaSalle as it looks to expand its multi-manager and fund of funds offerings.

The quarter brought in just $30.74bn of capital from funds closed, meaning Q1-Q3 2026 fundraising equates to little more than half of 2025’s full-year total.

PERE’s Lending Barometer tracked nearly $4bn in loans for office-to-residential conversions through the end of September.

Capital raised by closed-end private real estate funds remains stubbornly low in aggregate, but assessing fundraising by time spent in market identifies areas of notable momentum.

Investors once paid less for markets with few owners. That discount has all but vanished, just as capital crowds into the most concentrated sectors, say Omar Eltorai, senior director of research, and Alexander Jaffe, regional lead of valuation advisory, at Altus Group.

AI’s appetite for electricity is forcing investors and developers to rethink how data centers grow, with renewable energy moving from the sidelines to the heart of operations, writes Elisabeth Jeffries.

Investors are on alert for a growing number of red flags that extend beyond power and land access to sustainability, cybersecurity and data sovereignty.

What is a data center worth when technology changes faster than the buildings housing it?