Regions

The Chicago-based manager’s latest equity haul for its ninth US opportunistic vehicle comes three months after an initial close in June.

The investor first began building a core portfolio in Europe and Australia and now looks to expand into non-core strategies.

The Chicago-based firm’s top sustainability executive said managers have not fully assessed the threats affecting their portfolios.

Home sizes, commutes and cultural factors will determine which global office markets survive and which suffer says Tony Brown, global head of real estate at M&G Real Estate.

With its US Impact Housing Fund, the Chicago-based manager is aiming to preserve affordable housing units with expiring tax credits.

One such group is CapitaLand, which is seeking to double its AUM in the country over the next three years and accelerate its growth further.

The investor’s managing director for private market investment has served as acting head of real estate since April 2023.

Commercial real estate has attracted a lot of bad news in recent months, but it is up to industry leaders to take control of the message.

The US-based manager said recapitalizations can help borrowers bridge funding gaps and hold on to good assets until the market turns.

The real estate veteran has spent just over a year at Hong Kong’s Link REIT, having previously served as Asia CIO for Manulife IM Real Estate.