Residential

The president’s initial moves since retaking office suggest little moderation from his campaign proposals.

The manager is targeting sub-institutional deals in five US markets.

The Dallas-based multifamily developer is teaming up with the Seattle-based opportunity zone specialist for the former’s first-time vehicle.

The New York-based manager closed its first two vehicles on $550m in commitments.

The latest commitment by NPS’s real estate platform team will see the two firms expand their relationship beyond student housing and into other Asia-Pacific markets.

The pension fund expects to make up to eight allocations to equity or debt vehicles this year and is hiring a new investment consultant.

The founder of family office Vonrosen may bring in co-investors to support the expansion of Dubai luxury developer 25 Degrees, and to fuel broader real estate investment.

The pension’s December commitments included $400m to a co-investment vehicle with Blue Owl and $75m to a new manager relationship.

Just $131.1bn was raised last year for private real estate funds, marking a third consecutive year of decline.

The National Pension Service of Korea has made its UK single-family rental debut with a commitment to a vehicle managed by Long Harbour.