Value-Add

Four key takeaways from the 2024 PERE 100 and PERE 200

Crunching the numbers on PERE’s flagship manager rankings reveals the uneven impact of ongoing fundraising headwinds.

Sterling Organization’s retail fund becomes oversubscribed

The decline of the five-day commute has been a boon for suburban retail, according to the manager.

Inside HSBC’s real estate reboot

Victoria Sharpe, the UK banking group’s head of real assets, explains how the firm is building a different – and enduring – property business the second time around.

Pennybacker closes on fourth-largest real estate fund this year

The firm, which closed $100m over its target for Fund VI, is part of a growing percentage of managers beating their fundraising goals.

The PERE 100 and PERE 200 are moving sideways

In a tough fundraising market, the largest managers are increasingly utilizing co-investment vehicles and separate accounts to stay competitive.

EQT Exeter’s Minneapolis industrial portfolio purchase cost about $475m

The manager is buying 24 properties comprising 5 million square feet from logistics giant Prologis with equity from its $4.9bn sixth industrial value-add fund.

Stoneweg eyes ‘one-stop shop’ in Europe with Cromwell acquisition

The addition of Cromwell Europe will double Stoneweg’s AUM and expand its wheelhouse into multiple new markets, says founder Jaume Sabater.

MSREI sells four warehouses as near-shoring trend picks up

The four industrial properties located on the Texas-Mexico border were sold to two institutional buyers.

PGIM Real Estate targets $2bn for data center fund

The US firm is aiming to hold a final close this summer for the globally focused vehicle, which would be its largest closed-end fund yet.

Patron Capital closes seventh opportunistic fund in ‘brutal’ market

Founder Keith Breslauer says most US investors were not interested in pursuing distress in Europe, perceiving a greater opportunity at home.