Core

Behind ARA Korea’s Conrad hotel purchase

The firm remains interested in the rest of the IFC Seoul complex, with the acquisition setting ‘the tone’ for its future Korean investments.

CalPERS looks to ‘move up the risk curve’ in real estate

The largest US pension fund eyes non-core funds for its next round of allocation to the asset class.

Invesco expands manufactured housing strategy into Australia

The Atlanta-based firm has invested in the niche residential strategy – one of its high-conviction themes – in the US since 2022.

Stoneweg eyes ‘one-stop shop’ in Europe with Cromwell acquisition

The addition of Cromwell Europe will double Stoneweg’s AUM and expand its wheelhouse into multiple new markets, says founder Jaume Sabater.

Cromwell to refocus on the Australian market after Europe unit sale

The firm will shift to being a local manager given the difficulties of being global without vast scale, according to Cromwell’s CEO.

KKR is eyeing more core real estate investments

During the firm’s first quarter earnings call, senior executives said ‘interesting’ opportunities were arising in the lower-risk strategy.

DOWNLOAD: Q1 2024 fundraising remains at a 12-year low

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

ESR’s ARA Private Funds sale has three carve-outs

Although the firm will continue to own other parts of ARA Asset Management, the APF sale itself includes notable exclusions.

BGO expands into American SFR, chasing ‘sticky tenants’

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

Blackstone is ready to talk about its Embassy REIT exit

With support from some of India’s biggest domestic investors, the exit from Embassy REIT generated a 3x to 3.5x return for Blackstone.