North America

The firm acquired Chicago-based Home Partners of America for $6bn, giving it a designated SFR platform for the first time since exiting Invitation Homes.

The Miami Beach-based private investment firm will be the third private real estate manager to amass double-digit billions for a single property fund.

While the New York-based investment manager has been able to deploy its funds rapidly, other groups have not found the opportunity set they expected.

Extended Stay America’s privatization was the sector’s biggest M&A event but rising valuations and market recovery could limit further opportunistic buying.

The sector has weathered the pandemic storm and, around the world, operators have found their customers valuing the co-living community.

Goodwin Gaw, chairman and founder of the firm, explained the strategy behind Gateway Strategic Acquisitions during a PERE Global Passport Deep Dive.

Large pools of capital have been raised for distressed strategies, but thanks to government support schemes, finding a home for it is proving a challenge.

Repurposing older commercial real estate assets to suit housing needs will present investment opportunities globally.

Attracted by long-term income returns, investors are increasingly looking at growing markets for purpose-built rental housing.

Activist calls Ares’ investment in single-family firm Front Yard Residential a ‘clear headline risk’ and urges pension to address eviction policy.