Opportunistic

TRS Texas commits $300m to new managers 

The investor is an outlier in an industry increasingly skeptical of emerging managers.

Fundraising showed no signs of a recovery in Q1-Q3 2024

Despite the brighter outlook for attracting capital to private real estate, key metrics point to ongoing challenges for fund managers.

Azora triples down on US residential with $3bn venture

The Spanish manager has partnered with US developer Advenir to build 10,000 single-family homes and buy 5,000 existing rental units.

New Mexico SIC to boost real estate exposure with $5bn commitment plan

The US wealth fund also seeks to increase its non-core allocation, targeting industrial and multifamily.

UK pension fund Nest sees ‘attractive’ development proposition

The investor’s £150m commitment to a BTR joint venture marks ‘quite a departure’ for its real estate strategy, says CIO Elizabeth Fernando.

CBRE’s Barkham: Fed rate cut signals ‘sea change in optimism’

The real estate firm’s chief economist predicts a steady US recovery and a 15-20% jump in transactions next year.

Treacy to step down as CLI consolidates private funds business

The Singapore-headquartered firm will combine its real estate and alternative assets units into a real assets platform led by the group CEO.

Ares closes fourth US real estate fund with record $3.3bn haul

All told, the Los Angeles-based manager now has $5.5bn to target distress real estate opportunities in the US and Europe.

Korean, Japanese investors diverge at PERE Japan Korea Week

One major takeaway from the week-long event was the differing real estate estate appetites between Korean and Japanese investors.

Harrison Street expands senior living portfolio

The five assets are in Massachusetts, Maryland, New Jersey, Pennsylvania and Virginia.