North America

InfraVia’s Athanasios Zoulovits and Harrison Street’s Michael Hochanadel discuss whether infra or real estate are better suited to these assets.

Foregone bonuses are just a small piece of a larger discussion on alignment between managers and their investors, writes former ADIA real estate global chief operating officer Martin Schwarzburg.

Most of the vehicles will be focused on non-core strategies in the sector and the North America region, according to PERE data.

Experts from Bouwinvest Real Estate Investors, Clarion Partners, Deutsche Finance International and Nuveen Real Estate discuss the radical changes underway in the once-predictable office sector at PERE’s workplace roundtable.

Apollo and VICI Properties’ $6.25bn purchase comes from a distressed situation but the asset itself was by no means sold at distressed pricing.

Funds targeting the sector are seeking nearly 50% more capital than they did a year ago, even though sales fell in 2020 from the previous year.

The firm’s third opportunistic vehicle was launched in November 2019 with a $1.5bn original target.

Proptech investing started largely as a balance sheet cost for managers to drive efficiencies in their real estate portfolios. Today, it is the focus of a whole new wave of capital raising, highlighted by PERE’s inaugural Proptech 20 ranking.

Inheriting an indirect property business when that market is dominated by recapitalization deals brings further conflict challenges that must be reconciled.

The private equity firms’ large bet on the hotel owner and operator speaks to the faster-than-expected rebound in the sector, but its pricing remains a point of contention.