Capital Formation

PEI Group data shows that investors and managers continue to prioritize technology-focused real estate despite a tougher fundraising environment.

Aggregate capital raised by the largest real estate funds closed dropped by a third from the same period last year.

Durable demand supports sector growth, but widening dispersion is placing a premium on market selection, disciplined underwriting and experienced operators, says Mike Gordon, global CIO – real estate at Harrison Street Asset Management.

Developer Panattoni’s in-house investment platform is preparing a first exit for the fund, with two new vehicles also slated for 2027.

The $1.1bn final close follows the manager’s 2023 acquisition of sale-leaseback specialist Trio Investment Group.

The Chicago-based manager has expanded its US capital formation team following fundraising staff expansion in Asia earlier this year.

Investor appetite for prime assets is intensifying, but a stubborn bid-ask gap is challenging the notion that scarcity alone will command a premium, writes JC Russell.

Core investors are looking beyond a simple public vs private choice, selecting structures based on the role vehicles need to play in the real estate portfolio.

From income durability to active management to broadening sector definitions, these shifts are reshaping what qualifies as core and core-plus real estate in 2026.

The £12bn London-based family office is preparing to become custodians of institutional money predominantly within its hospitality specialization.