Regions

The US president’s executive order creates uncertainty over policy and valuation, but not immediate cashflows, says Peter Zabierek, senior portfolio manager at Easterly Ranger.

The steep stock market selloff last week compounds an already daunting challenge for property services firms to scale their investment managers.

The duo extends their long-standing relationship in a transaction led by the Beverly Hills-based manager’s executive suite with funding from Fairfax.

The $32bn retirement fund is prioritizing European investments – including logistics and residential housing – in the face of US instability, according to head of real assets Jeppe Starup.

Azora’s record-breaking fund is a notable beneficiary of more capital moving away from the US and toward Europe.

The merged entity will boast a combined real estate heft of around $172bn in assets under management across equity and debt in all major regions.

Slightly higher up the risk-return spectrum, KKR has paused fundraising for its core-plus strategies in Europe and Asia.

The New York-based manager said investor demand for its latest industrial outdoor storage fund ‘substantially’ exceeded its $400m hard-cap.

Amid a new cycle, selective positioning is needed as industrial and logistics real estate investors reassess big-box demand.

Leasing momentum and construction pullbacks are supporting industrial returns, even as vacancies and global headwinds complicate near-term outlooks, writes JC Russell.