Opportunistic

Hotels are back – this time for a long stay

Encouraged by shifting market conditions and resilience to economic challenges, managers and investors are backing the sector to deliver strong returns in the next cycle.

Hongkong Land’s Smith: ‘Recycling capital is our top priority’

The listed company plans to expedite the return of invested capital, including transferring balance-sheet assets to third-party vehicles.

Next Contenders 2025: First-time managers led by experienced executives

Town Lane and Greykite, two start-ups launched by established industry dealmakers last year, defied the odds with early fundraising and deployment successes.

DOWNLOAD: Investor appetite for real estate wanes as allocations dip

Six in 10 institutions are now underweight in the asset class, but just 34% plan to up their investment in 2025.

Blackstone raised $8bn for its closed-end real estate funds last year

‘We see that we’re firmly on this recovery path for real estate,’ said the manager’s president and COO, Jon Gray.

First-time manager Alpaca raises $100m for tech-driven fund

New York Common is among the backers of the firm’s first opportunistic vehicle.

CIM Group makes senior hires to expand global investor coverage

The firm has hired two capital market veterans from Harrison Street and Argo Infrastructure to lead the fundraising effort in EMEA and APAC.

Investor trio backs Matter’s UK single-family rental platform

UBS, GCM Grosvenor and Abrdn have committed £145m across two funds managed by Matter Real Estate for its Placefirst housing business.

KKR makes real estate, infrastructure leadership changes

The two businesses – which together account for $157bn of AUM – will comprise the firm’s newly created real assets platform.

China’s appeal declines further among real estate investors

For the first time, no Chinese locations appeared among property investors’ top 10 cities in CBRE’s Asia-Pacific investor intentions survey. ANREV’s own recent poll indicates a similar sentiment.