Residential

The two pension investors have teamed up with Greystar to develop purpose-built student housing in the underserved French capital.

The Boston-based manager’s equity haul included $500m in commitments from new investors all finalized during the covid-19 pandemic.

Building housing for underserved communities serves a necessary social need while also generating sufficient returns for long-term, income-orientated focused capital.

Partnering with local developer LaTerra, the British Columbia pension investor continues to build its international multifamily portfolio.

Former New York deputy mayor for housing and economic development, Alicia Glen spoke to PERE about the private sector’s role in affordable housing, days before launching her own investment firm.

The role private institutional capital plays in solving the world’s affordable housing crisis has been under a scrutiny only intensified by the coronavirus pandemic.

The asset manager’s recently structured real estate team will seek to take advantage of opportunities arising from the covid-19 crisis.

The pandemic has led the world’s largest asset manager to rethink its allocation plan for Europe Property Fund V, which just closed on €1.5bn.

Rockpoint Growth and Income III is the largest to date for the Boston-based manager’s lower-risk strategy, which it launched in 2014.

The investor believes the pandemic’s impact on its five Dutch sector portfolios this year will range from ‘severe’ on its Hotel Fund to ‘limited’ on its Residential Fund.