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TREF IV raised $163m and is over 70% deployed.

The Maryland-based logistics specialist’s latest capital haul is nearly five times the size of its inaugural pan-European vehicle from 2020.

This fund launch represents a key milestone in Link’s broader strategy to transform into a prominent third-party capital manager.

The Ohio-based manager’s inaugural closed-end institutional vehicle has scored early pledges from Partners Group and iA Financial.

At the PERE Tokyo Forum, property investors in the country say America remains their top choice despite some policy concerns.

Serviced apartments and co-living offer investors a compelling blend of flexibility and stability because of their hybrid nature, says CapitaLand Investment’s Mak Hoe Kit.

North American investors accounted for more than half of the capital raised, while the remainder came from Asia and the Middle East.

The Chicago-based firm’s fifth and largest fund to date came in over-subscribed, with 72% of capital committed by returning investors.

This appointment is part of Invesco Real Estate’s broader effort to expand its investor coverage team in Asia-Pacific.

CalPERS looks to be ‘more tactical’ with office investments, while CalSTRS is ‘slowing down’ its pacing but expects opportunities from distress.