North America

In her departing interview, the outgoing president and chief executive officer of CDPQ’s real estate business talks about leaving the job, her next role and her ‘natural’ successor.

The impact of rising rates on borrowers has yet to catalyze a wave of distressed sales. But there are signs they are coming.

The firm’s co-heads of real estate talked about what drove leadership change at the top and what is next for the $49bn business.

At a size of $1.4bn, ACORE Credit Partners II is also the joint fourth-largest private real estate fund closed globally so far this year.

The vehicle represents the firm’s only real estate fund launch in the near term as it sits on $12bn of dry powder for the asset class.

The New York-based mega-manager is now approaching its target for the vehicle, bolstered by a pickup in European real estate opportunities.

In PERE’s latest podcast episode, PIMCO’s CEO and CIO of real estate discusses how his firm will not touch new assets if they do not meet the CRREM pathway.

Industry practitioners anticipate embodied carbon will become a greater focus for prospective buyers in the future.

While most managers opt either to hire star talent to build a new business or acquire an existing platform, the New York-based firm chose to do both.

Lagging performance indicators in private real estate is an existential problem for the sector, making alpha betting challenging for investors, argues James Corl, head of private real estate, Cohen & Steers.