Regions

The Atlanta-based firm’s Cortland Enhanced Value Fund VI is more than double the size of its predecessor.

Although most respondents say the outcome would affect their business, less than half are putting off investment decisions.

The ‘big two’ remain private real estate’s biggest fundraisers, but evidence points to other firms getting more investor attention these days.

With only a 7.4% increase, the investor also recorded a slower climb in real estate commitment compared with prior years.

The hiring of Michael Hoverman from CIM Group launches a new vertical for the $76bn US-based real estate manager.

The London firm now counts a sovereign fund among investors in the series, for which it also uses social media marketing to raise capital.

Commitments of $1bn to the asset management behemoth’s real estate strategies in Q2 trail its smaller peers.

However, the average allocation to private real estate across all institutions rose from 6.9% in H1 2022 to 8% in H1 2024.

The executive’s promotion to chief of staff follows a senior management reshuffle announced at the end of July.

The manager is offloading 11 properties to REIT Equity Residential in separate transactions.