Regions

The country’s deglobalization push is causing groups like CalSTRS and CalPERS to consider globalizing their property portfolios.

The California pension is eyeing opportunities with emerging managers and a foray into secondaries as it recalibrates its investment plans.

The Chicago-based firm’s fifth and largest fund to date came in over-subscribed, with 72% of capital committed by returning investors.

The firm looks to unify and streamline its operations across different markets with the new appointment.

The PERE Podcast delves into the fundraise shaping up to be Brookfield Asset Management’s largest to date in real estate, and where the manager is actively deploying.

The bleak fundraising environment has made it much more challenging for CalPERS’ and CalSTRS’ allocators to support new platforms.

CalPERS looks to be ‘more tactical’ with office investments, while CalSTRS is ‘slowing down’ its pacing but expects opportunities from distress.

After Brookfield held an institutional close on what is set to be its largest-ever real estate fund, the firm’s CIO for real estate sees investors growing in confidence as transactions tick up.

Tariffs are driving investors away from the world’s largest property market – which has been a boon for managers targeting other regions.

While some professionals received increased pay and bonuses according to the annual compensation study by PERE and executive recruiter Sousou Partners, others saw an even more ‘brutal’ 2024 than the year before.