North America

Acquired in August by the Qatar Investment Authority, the Park Lane Hotel in New York was once embroiled in an embezzlement scandal.

In the event’s opening panel, managers’ duty to decarbonize the real estate sector was brought into question. For some, protecting assets for a warmer climate is just as important.

Working with very large datasets can create efficiencies but also raise multiple concerns for real estate owners.

The overall picture for assets without a clear path to decarbonization is complex and unclear, managers said on a PERE Network webinar.

The Newport Beach-based manager has closed its second property credit fund on $3bn, more than double the size of its predecessor.

PERE’s 2023 ranking of institutional investors by equity invested in private real estate has grown, but more slowly, in another sign of the times.

During a period of inactivity in private real estate, the sovereign wealth fund has motored to the top of the ranking with a surge of transactions.

As more managers integrate transition and physical risk into their market analysis, the implications for capital flows should be substantial.

The Certified Metrics tool, which is being piloted by managers including PGIM Real Estate, will be the first to benchmark the ‘S’ in ESG.

The New York-based proptech firm has hired two executives from Ares and Prospect Ridge to lead the new platform.