Opportunistic

The first tranche of capital raised for the vehicle comprises significantly more new relationships and non-US investors than is typical for the fund series.

The Canadian pension’s entry into the market was supported by deepening capital markets and travel tailwinds, says country head Hari Krishna.

By adding value-add and opportunistic capability, the deal will help the German manager ‘reduce complexity’ for large investors, says its real estate chief.

What is a data center worth when technology changes faster than the buildings housing it?

PEI Group data shows that investors and managers continue to prioritize technology-focused real estate despite a tougher fundraising environment.

While university consolidation, reduced competition and predictable demand are key characteristics of both markets, significant differences require a nuanced approach and local expertise, says Landmark Properties’ Walt Templin.

As PBSA has evolved into a mainstream institutional asset class, the drivers of outperformance have become more nuanced.

The Dallas-based manager hit the hard-cap on its eighth and largest flagship fund to date, aiming for up to 20% returns on Sun Belt warehouses and outdoor storage.

The New York- and London-based manager is targeting long-income, infill industrial and grid-connected real estate with Meadow Real Estate Fund VII.

The value-add/opportunistic vehicle is the first in a pan-regional fund series from the manager founded by former Harrison Street exec Daniel Gorzawski.