Regions

Private real estate’s most-coveted accolades are back and with notable additions. Participants can now enter ESG and proptech categories as part of an enlarged offering.

Germany’s largest public pension group has forged a partnership with the New York-based private markets investment firm to diversify its property portfolio.

With the initial shock of the pandemic squarely in the rear-view mirror, American managers have the new challenge of finding deals.

The strategic partnership is the first investment the Investcorp Strategic Capital Group has made into a real estate manager.

Q3 2021’s record $51bn of closed capital proves that more than a few mega-managers can benefit from market consolidation.

Fundraising activity took off during the quarter, fueled by a robust market for midsized vehicles and a record-high average closing size.

The mega-manager is ahead of schedule on deploying several opportunistic funds and using core-plus capital to close its biggest deals, its COO says.

The $1.6bn takeover of Oak Street by recently formed Blue Owl demonstrates how blank check companies are getting closer to direct real estate investing.

The newly listed asset manager acquired the Chicago-based net lease specialist for $1.6bn. Oak Street says the deal paves the way for further growth.

The partners, along with an unnamed sovereign wealth fund, have already committed $500m to a joint venture to buy and build rentable production space.