Value-Add

The New York-based firm has received backing from a sovereign wealth fund to establish a platform investing in middle market managers.

Co-CEOs Deborah Harmon and Alex Gilbert said more than half the capital for the fund came from new investors, including Asian and Middle Eastern sovereign wealth funds.

But some investors had reservations about the Nordics even before Sweden’s property market woes became headline news.

The South Korean pension fund plans to grow overseas and alternatives exposures while also increasing its return target by 2027.

The industry veteran is departing after more than a decade at the asset management arm of the world’s largest bank.

Headlines about other sectors have distracted many from mounting evidence the prospects of physical shopping space are improving.

Real estate funds demonstrated a notable drop in buying intention during the first quarter amid concerns over a lasting high-rate environment, per CBRE.

Urban Partners will oversee the Nordics real estate manager alongside other businesses centered around the concept of cities.

The UK-focused manager credits the ‘positive social impact’ of its funds and its B Corp status for its largest fundraise yet.

In multifamily, the Los Angeles-based firm is looking to replicate the vertically integrated approach it has adopted with industrial.