Residential

Chris Reilly, who spent the last six years leading Brookfield’s real estate secondaries group, is headed to Pretium to run its property debt and equity businesses.

The PERE Podcast brings a dispatch from the annual trade show in Munich, where managers and investors accepted a clouded market outlook for Europe.

Political instability across the region is creating headwinds for sought-after affordable housing deals.

PERE’s Lending Barometer tracked nearly $4bn in loans for office-to-residential conversions through the end of September.

The first tranche of capital raised for the vehicle comprises significantly more new relationships and non-US investors than is typical for the fund series.

Investors once paid less for markets with few owners. That discount has all but vanished, just as capital crowds into the most concentrated sectors, say Omar Eltorai, senior director of research, and Alexander Jaffe, regional lead of valuation advisory, at Altus Group.

The $75m commitment builds on the first close for the fund in June, which raised $300m from Dutch investors APG Asset Management and Bouwinvest.

The Houston-based real assets manager will elevate three executives into new roles at the highest tier of the organization.

As markets and student flows fragment, investors are zeroing in on schools and geographies with durable demand.

PEI Group data shows a sector gaining increased attention amid rising demand.