Regions

German lenders including Deutsche Pfandbriefbank are seeing their share prices impacted by US commercial real estate exposure.

Although 38% of investors were overallocated to the asset class in 2023, only 27% plan to invest less capital this year.

The private real estate arm of Morgan Stanley has agreed an additional year to deploy the fund’s capital amid market challenges.

Those who believe conflicts elsewhere in the globe do not have an impact on their investments should think again.

The executives will be the New York-based asset manager’s first dedicated heads of real estate since Marcus Sperber departed in 2019.

The outlook for 2024 stands in stark contrast to 2023 as institutional appetite for real estate picks up, says James Jacobs, head of real assets for Lazard’s private capital advisory group.

Investors are hurting from the poor performance of real estate, but this has not diminished their appetite for fresh investments.

The total of $138.93bn raised in 2023 represented a 41% drop from the $236.04bn raised in the 2021 fundraising peak.

The Canadian insurer has new goals for its global real estate growth strategy, including expanding into third-party management. PERE spoke with the firm’s leadership on the path forward.

In this podcast, Abby Rosenbaum of Oxford Economics discusses how two key global conflicts will be a drag on performance in differing ways.