Residential

Included in the firm’s arsenal of capital is $2.5bn raised for two Asia real estate funds following its acquisition of Angelo Gordon.

The Southern Europe-focused manager took just five months to reach a final close for the fund, well below the European average.

Most change-of-use projects are not economically viable, but falling prices, looming debt maturities and potential government assistance could change that.

With only $19.8bn raised, the first quarter of 2024 recorded the lowest Q1 fundraising amount since 2011 when $15.2bn was corralled.

Charting a new path for returns means getting back to basics, says Jolly Singh, a principal of portfolio oversight at CIM Group.

The South Carolina-based manager has raised $1.9bn for the latest iteration in its flagship multifamily fund series.

In just over a year, the manager has raised €600m to invest in student accommodation assets across Southern Europe.

The impact of rising rates on borrowers has yet to catalyze a wave of distressed sales. But there are signs they are coming.

The firm’s co-heads of real estate talked about what drove leadership change at the top and what is next for the $49bn business.

At a size of $1.4bn, ACORE Credit Partners II is also the joint fourth-largest private real estate fund closed globally so far this year.