Opportunistic

Why the Livingstone brothers’ L+R Group wants to raise third-party capital

The £12bn London-based family office is preparing to become custodians of institutional money predominantly within its hospitality specialization.

Canyon Partners beats target with first fund in US opportunity series

Having closed three real estate debt funds since 2021, the Dallas-based manager said it sees an attractive entry point for equity investments after a market reset.

Brookfield doubles down on niche property types

Between flagship real estate fundraises, the New York-based manager has prioritized deployments into manufactured housing, outdoor storage and medical offices.

Alpaca Real Estate closes debut fund on $223m

The New York-based manager plans to use proprietary AI for an opportunistic strategy mainly targeting US residential and industrial properties.

TPG expects multiple first closes in real estate by year end

Among the four funds nearing a first close is TPG Real Estate Partners V, the largest real estate fund in market with its $8.5bn target.

TPG’s China real estate boss to depart after two decades

The retirement of China co-head Ken Ng comes amid a wave of senior changes across the firm’s Asia real estate platform.

Ares seeks $3.25bn for fifth US real estate opportunity fund

The manager is also eyeing a final close next quarter for its first Japan logistics fund post-GCP acquisition.

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.

Iran War delays private real estate comeback, says Blackstone’s Gray

Citing strong performance this year by listed REITs, Blackstone’s president expects a private-sector recovery as soon as borrowing rates and volatility ‘start to settle down.’

Townsend raises $2bn for real estate secondaries

The multi-manager has already deployed $1bn out of its latest secondaries fund and related vehicles, with an early emphasis on data center investments.