Core Plus

Affordable housing or returns: The development equation

The need for affordable accommodation is acute, and an increasing volume of private capital is available to the sector, but making development projects ‘pencil’ remains challenging.

Barings to acquire Moorabbin Airport with Aware and Rest for A$1.5bn

The property has been considered a real estate asset since current owner Goodman Group purchased it in 2010.

Alyssa Partners: Japan multifamily enters new growth cycle

Middle-class rental apartments in Japan continue to deliver the most attractive risk-adjusted returns and scalability prospects, says Alyssa Partners’ Chedli Boujellabia.

Macquarie Asset Management on how housing pressure is pushing capital into niche strategies

Real estate investors are pivoting to specialist residential sectors as supply, demographics and rates reshape risk-return dynamics across markets, say Macquarie Asset Management’s Erin Ledger-Beaupre, Brendan Jones and Justin Ayre.

Empira launches German core-plus living fund anchored by UBS

The strategy focused on acquiring midsize multifamily assets also scored backing from Empira parent Partners Group.

Delancey expands fundraising team with capital strategies director role

Ex-Fiera Real Estate executive Emma Murray has joined the London-based manager as it plans the launch of new strategies.

Heitman aims for $2bn raise with debut self-storage fund

The open-ended vehicle is the manager’s first sector-specific fund in North America.

Ohio SERS seeks to reduce real estate exposure after missing benchmarks

The Ohio school pension’s CIO believes successful managers in the asset class will need to be ‘effective operators.’

Digital Realty charts major private fundraising push

The world’s largest data center REIT by footprint is planning several fund series. Next incoming is a US open-end fund for which a cornerstone raise of up to $3bn is targeted.

Brookfield’s Teskey sees a ‘very rapid acceleration’ in real estate recovery

The firm’s president expects to execute on $20bn of transactions in the asset class over the next two months.