North America

The constituents of PERE’s signature ranking of private real estate managers saw their capital markets activities impacted last year, but not knocked off course.

The 2021 ranking reflects more muted fundraising activity during the covid pandemic.

Hampered transaction activity by the PERE 100 in 2020 was predictable in the circumstances, writes Simon Mallinson, executive managing director at Real Capital Analytics.

Aided by the rise of logistics and other property types, opportunistic and value-add managers outperformed their core counterparts.

Even the most dominant in the ranking are seeing a drop in aggregate growth.

The Texas capital leads a pack of secondary US cities that have moved to the top of global investor wish lists this year.

The New York-based firm’s latest vehicle is effectively a non-traded REIT within a 1940 Act wrapper, but the wrapper is where the innovation lies.

The New York-based private equity firm’s KREST could democratize access to institutional real estate through a number of ‘investor-friendly’ features.

Institutions continue to seek exposure to logistics assets as retailers adapt to a changing marketplace. Identifying assets that will benefit from structural change is critical, according to James Jacobs, head of real estate for Lazard’s private capital advisory group.

The top 10 managers accounted for 37% of the overall AUM in 2020, continuing the industry consolidation trend, according to the latest survey by industry organizations NCREIF, INREV and ANREV.