Opportunistic

Harrison Street raises $600m for first data center fund

The Chicago-based manager closed the US-focused vehicle after just 12 months on the road.

Multifamily specialist Platte Canyon launches with Inceptiv backing 

The manager is targeting sub-institutional deals in five US markets.

PIMCO boosts European data center fund target to €1bn

Canadian pension investor Ivanhoé Cambridge is understood to be among the investors behind the fund’s latest round of commitments.

JPI, Pinnacle launch debut workforce housing fund

The Dallas-based multifamily developer is teaming up with the Seattle-based opportunity zone specialist for the former’s first-time vehicle.

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.