Alternatives

Investors are seeking exposure to real estate operating company returns via increasingly creative means, delegates heard at the PERE Europe Forum.

The California-based manager has raised both its largest fund and co-investment vehicle with Whitman Peterson Partners V.

The $218m vehicle beat its target size and attracted significantly more capital than its predecessor.

The platform bypasses managers such as Blackstone and Brookfield in favor of smaller, specialized firms for wealthy client portfolios.

As growing investor appetite coincides with a unique buying opportunity, medical outpatient buildings are emerging as an increasingly viable institutional property investment.

As core strategies adjust to a new market cycle, managers and investors emphasize resilient cashflows, operational execution and structural demand as the foundations of outperformance.

From income durability to active management to broadening sector definitions, these shifts are reshaping what qualifies as core and core-plus real estate in 2026.

After a significant repricing cycle, LaSalle Investment Management’s Matthew Sgrizzi and Jim Garvey say core equity is offering income yields that institutional investors have not seen in a decade, though risks remain.

Australia’s population, stability and constrained supply continue to draw international capital, but success in today’s core market depends less on allocating to the right sectors and instead selecting the right assets, say Dexus’s Brad Collier and Andrew Jeffs.

In a turbulent market, a clearly defined strategy and active management are essential, says PIMCO Prime Real Estate’s Annette Kröger.