Residential

The New York-based mega-manager is now approaching its target for the vehicle, bolstered by a pickup in European real estate opportunities.

Markets that are non-regulated or have distress potential are at the top of the menu, investors told delegates at the PERE Network Europe Forum.

Industry practitioners anticipate embodied carbon will become a greater focus for prospective buyers in the future.

Heim Global Investor is targeting a combined €1.6bn capital raise across its first two funds, one aimed at the UK and the other Europe.

The new recruit completes the Atlanta-based manager’s global hiring spree of senior capital raisers over the past year.

Masked by the sector darling’s significant growth over the past four years, many miscalculations are now coming to a head.

The REIT, which will be seeded with a $1.6bn portfolio of assets, will be the largest vehicle of its kind focused on the sector.

Default risk in the multifamily sector is growing, catching out some managers and their investors – while creating opportunities for others.

However, investor preferences and strategies have been changing as the country’s negative interest rate era comes to an end.

BGO has formed a strategic partnership with 1Sharpe and committed to deploy $500m on single family rentals through the venture.