Opportunistic

Pretium debuts homebuilder finance strategy to fill regional banking void

The New York-based manager closed its first two vehicles on $550m in commitments.

Family office Vonrosen eyes partners for Dubai property venture

The founder of family office Vonrosen may bring in co-investors to support the expansion of Dubai luxury developer 25 Degrees, and to fuel broader real estate investment.

Texas TRS earmarks nearly $700m to five managers

The pension’s December commitments included $400m to a co-investment vehicle with Blue Owl and $75m to a new manager relationship.

The top 10 real estate funds no longer contain the market outliers of old

The industry’s largest funds used to consistently buck industry trends. That is increasingly not the case.

DOWNLOAD: FY 2024 fundraising volume down 50% from peak

Just $131.1bn was raised last year for private real estate funds, marking a third consecutive year of decline.

Look Ahead 2025: Hines sees early-cycle office and retail as solid bets for outsized returns

Favorable pricing and undersupply will help to bolster performance in real estate’s most maligned sectors, says global head of research Josh Scoville.

Macquarie fund takes stake in credit specialist IDA

MAM’s head of real estate APAC James Kemp sees the potential for the Australian real estate credit market to double in the next decade.

Blackstone pays $2.6bn for Tokyo towers, its largest deal in Japan to date

The manager reportedly outbid KKR and BGO for the mixed-use Garden Terrace Kioicho and its 1.2 million square feet of fully occupied offices.

Deep Dive: Distress takes an unexpected turn

Opportunities are emerging from troubled assets or owners, but they are not what the industry had anticipated.

NY state pension hits $3bn in real estate commitments this year

NYSCRF’s recent pledges include $400m to a new partner targeting cold storage.