Regions

The real estate secondaries market is poised for significant growth, driven by increased demand for capital, attractive discounts to net asset value and a broadening range of transaction types.

Ares Management data shows deal volume for real estate secondaries fell 21% in 2023 from the record $12.4bn clocked the year before.

A broad pipeline of manager- and investor-led deals is emerging in the current liquidity-constrained market, fueling long-term growth.

Private equity investors eye lucrative opportunities in an evolving real estate secondaries landscape, says Scott Koenig, managing director and head of real estate secondaries at Neuberger Berman.

Active private real estate investors are buying up assets from owners under pressure. But they are less fixated on bargains.

The acquisition comes eight months after the launch of the vehicle, which has a $5bn target, in August 2023.

The venture is backed by two sovereign wealth funds and follows a 2021 industrial partnership with the same investors.

Henderson Park has purchased the Arizona Biltmore Hotel, former haunt of Marilyn Monroe and Frank Sinatra, from Blackstone for $705m.

Angela Johnson will focus on cultivating new investment opportunities emerging in the US hospitality sector.

Carbon emissions can be reduced at a substantially faster rate with proptech adoption, says Luke Graham, the firm’s head of research.