Industrial

Looking to build an investment platform rivaling its property management empire, the firm is targeting $1bn for a logistics fund with plans for another in the living sector.

The bank’s asset management arm predicts strong demand for inflation-protected assets from institutions, insurance and private wealth clients, says real estate chief Jim Garman.

The New York-based manager pulled in $350m, plus another $120m in co-investments, to target opportunistic, distressed and special situations across the US.

The New York-based manager has focused on investments with shorter hold periods in order to return capital more quickly to investors.

Between flagship real estate fundraises, the New York-based manager has prioritized deployments into manufactured housing, outdoor storage and medical offices.

The New York-based manager plans to use proprietary AI for an opportunistic strategy mainly targeting US residential and industrial properties.

The vehicle is the largest-ever dedicated to the regional strategy and the third-largest raised for net lease investments overall.

The former Bain, Fortress and JPMorgan exec comes to Boston-based Davis to oversee capital formation after a leadership transition.

After an influx of capital from the region into its listed REITs, the Philadelphia-based manager’s co-CIO said private real estate is now taking the cross-border spotlight.

The manager is also eyeing a final close next quarter for its first Japan logistics fund post-GCP acquisition.