Opportunistic

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.

Greystar eyes another close for its essential housing fund

The fund has $350m in the pipeline across 10 US markets.

Institutional exposure to real estate expected to drop in 2025  

Half of institutional investors are under-allocated to real estate amid stronger performance in public equities, finds Hodes Weill and Cornell University’s latest Allocations Monitor.

Oaktree to grow credit business in Japan with new hire

The US firm’s real estate credit business has previously focused on the US, Europe and Australia.

NBIM sees fresh opportunities in US offices

Five years after shifting away from the sector, the investor has partnered with manager DivcoWest to take advantage of ‘current dislocation.’

Aware Super’s UK platform to capture ‘window of opportunity’ in offices

The investor’s newly formed international team has partnered with Delancey to invest £1bn in the UK, with London offices as the initial focus.

Keppel’s third data center fund to drive global growth ambitions

Alongside the APAC-focused main fund, the firm is working with Aermont Capital to develop a separate sleeve for European data centers.