Sectors

ESG enters a ‘new phase’

The integration of sustainability in private real estate investment has broadened considerably over the past decade, but is it still on track?

ESR’s $7bn privatization sparks leadership overhaul

One high-level external hire is former Starwood co-head of Europe David Matheson, who previously sat on the board of ESR.

Arizona pension makes another cut to its real estate allocation target 

The state retirement system is trimming its target to 15%, down from 20% in 2022, as one trustee expresses a lack of comfort with the asset class.

Even for Blackstone, privatizations are not a sure bet

Two UK take-privates failed to take off this week, leaving big-name private equity firms facing an increasingly competitive market for listed buying opportunities in real estate.

PIMCO: Traditional RE strategies ‘insufficient’ in today’s market

In its latest sector outlook, the asset manager advises investors to forego broad allocations and take a more targeted approach.

Tony Ressler, Howard Marks back Tryperion’s fourth fund

TREF IV raised $163m and is over 70% deployed.

Realterm reels in €470m for second European IOS fund

The Maryland-based logistics specialist’s latest capital haul is nearly five times the size of its inaugural pan-European vehicle from 2020.

Blackstone’s Seppala: Europe’s importance has grown significantly

The manager’s head of real estate for Europe reflects on the growth of international interest in the region as exemplified by the commitments to and deployment of its latest mega-fund.

CDPQ drops Ivanhoé Cambridge brand name amid restructuring

The Canadian pension fund says the rebrand will enable ‘a single identity’ across investment teams as it internalizes its $55bn property arm.

Listed REIT manager The RMR Group eyes private market expansion

The Massachusetts-based firm has hired Torchlight’s Mary Smendzuik as head of capital formation to grow its $12bn unlisted property business.