North America

The alternatives giant never reached the heights it hoped with its regional property platform and faced challenges from the get-go.

Following a trip to the Middle East, Berkadia’s Noam Franklin expects investors in the region to be interested but highly selective on US real estate opportunities this year.

Several real estate professionals have left the firm since last year, bringing down the curtain on a platform that has been in operation since 2010.

The London-based manager is winding down two entities in the country amid efforts to simplify its corporate structure across Europe.

The road ahead for private real estate looks bumpy. But long-awaited positive rate signals from central banks are the tonic the market needs to get moving again.

Your vote can still determine who wins – we highlight six categories where the slimmest of margins separate the leaders from the rest of the pack.

Lauren Hochfelder, co-chief executive officer for Morgan Stanley Real Estate Investing says logistics will remain a favorite asset class for her firm. But she predicts there will be less of a rising tide lifting all boats now.

The US retail availability rate is set to drop by 20 basis points in 2024 and finish the year at 4.6%, according to a CBRE report.

The country’s investors have deployed $7.46bn into overseas real estate year to date, more than triple the outbound volume in 2021.

Changing market conditions will make it easier to meet IRR thresholds and get transactions done, says Colliers research director Aaron Jodka.