North America

The Canadian investor will manage the 29 assets it owns in China via its teams in Singapore, Mumbai and Sydney.

Where cities are built on century-old planning theory, they will soon become economically unviable, says Robert Rackind, global head of real estate for Credit Suisse Asset Management.

Co-CEOs Deborah Harmon and Alex Gilbert said more than half the capital for the fund came from new investors, including Asian and Middle Eastern sovereign wealth funds.

The transaction comes as Fortress is gearing up to expand its wealth management business.

Fundraising for rental residential continues apace, as there is still plenty of capital seeking to profit from the sector’s long-term performance.

An aging population is driving the expansion of the senior housing sector in the US, writes Keith Button.

Tailwinds are strong for the asset class as economic downturn only strengthens consumer and investor appetite, writes Charles Waine.

As the gap between supply and demand for affordable housing widens, institutional investors see opportunities to invest to meet ESG goals and boost financial returns, writes Keith Button.

Institutional investors are increasingly harnessing technology as they become more involved in residential real estate.

The industry veteran is departing after more than a decade at the asset management arm of the world’s largest bank.