Core

Net IRR dispersion is widening once more

A broader range of return outcomes among vintage-2023 funds demonstrates the impact of the market correction on private real estate performance.

BpfBOUW furthers €2bn impact ambition with Dutch housing mandate

The pension fund will invest €500m with manager Bouwinvest in sustainably built affordable housing.

AEW appoints European investor relations lead

Bianca Kraus has been promoted from head of investor relations in Germany to lead capital raising across the region.

Ohio Teachers to focus on income-producing assets as it repositions portfolio

The pension fund with $8bn in real estate holdings plans to continue selling office assets and limit its REIT exposure while prioritizing industrial and retail.

NBIM doubles down on US retail with $500m commitment

The Norwegian wealth fund’s venture with Charlotte-based Asana Partners follows last month’s investment in US shopping center owner ECHO Realty.

Centuria secures Japanese investor backing for single-asset Sydney office fund

The ASX-listed firm has raised approximately A$268m in equity to acquire a 50% stake in two properties in the city’s World Square precinct.

Secondaries funds punch above their weight in real estate fundraising

Secondaries-focused fundraising totals represented just 4% of private real estate fundraising in 2025, but the strategy continues to attract capital commitments.

Mississippi PERS sees early recovery from core managers’ rebalancing

Although the firms all leaned more heavily into niche strategies, they diverged on how to recalibrate their office exposures going forward.

LA Fire and Police urged to ‘get money to work’ in current market cycle

The California public pension considers building its allocation to niche real estate strategies as it pares down its public REIT exposure.

Core real estate stands to benefit from rising infrastructure risk

The strategy is regaining its appeal as other real assets become more vulnerable amid heightened geopolitical tensions, writes Josh Pristaw, president at Clarion Partners, real estate investment manager of Franklin Templeton.