Value Add

TRS Texas commits $300m to new managers 

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

Managers should get comfortable with smaller funds

Capital raisers in attendance at Expo Real in Munich this week spoke of the need to adapt fundraising strategies as capital flows remain in the doldrums.

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.

German private wealth investor Pamera launches US division

The Munich-based multifamily office has hired Cord Ernst to run the North American division and struck its first deal in the region.

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.

Nuveen Real Estate expands senior team in Europe

The firm has hired two former Ares executives to lead its strategic transactions team in the region and oversee the value-add fund series.

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.

Sweden’s interest rate cut diffuses its refinancing crisis, say market participants

The move keeps the country on course to reach a 2% policy rate by 2025 and strengthens expectations of further recovery in real estate transactions.

Student Quarters closes, fully deploys inaugural fund

The Atlanta-based manager eyes ‘tremendous buying opportunities’ in student housing as it looks to launch its second vehicle later this year.

Patron Capital returns to Cala Group in £1.35bn investment

The London-based private equity real estate firm has teamed up with Sixth Street to buy the UK housebuilder it once owned.