Regions

With its latest fund, the firm has pivoted from a focus on ground-up development to buying and upgrading operating assets as return propositions have shifted.

In this week’s episode of The PERE Podcast, EQT’s recent run of industrial sector sales and acquisitions provides a roadmap for how other scaled real estate managers may prioritize bespoke deals over bulk transactions to modernize for the market cycle ahead.

The data center giant’s $3.25bn debut fund adds to a growing cohort of listed specialists making significant inroads in private real estate capital markets.

The vehicles are the largest in their respective fund series, with US XI also representing the firm’s largest-ever capital haul for a closed-end real estate fund.

The real assets director at the $130bn public pension intends to gradually expand its exposure to the asset class.

Capital raised for North American strategies relative to other regions hit a five-year low last year, with European funds seeing less success reaching their targets.

As capital flows into niche real estate, the yield premium that once compensated for asymmetric information and limited transaction history continues to narrow, according to Omar Eltorai, senior director of research, and Alexander Jaffe, regional lead of valuation advisory, at Altus Group.

Inside: Building resilience – how private real estate is mitigating AI bubble risk; Highlights and key takeaways from the PERE Network Asia Summit in Singapore; And much more…

Real estate managers accept that NOI growth is critical to investment performance, and now innovators in the sector are capturing a greater share of the operational upside.

With easy gains fading, investors must rely on asset insight and integrated data to identify true performers, say UBS Asset Management’s Larissa Belova and Matt Johnson.