ACORE Capital

The transaction marks the first time the Japanese insurer has acquired a full or partial stake in a real estate manager.

The credit manager is looking to build out its portfolio in the space to complement its primary value-add strategy.

The impact of rising rates on borrowers has yet to catalyze a wave of distressed sales. But there are signs they are coming.

Blackstone reaches mega-fund status – and eyes another fundraising record – with Blackstone Real Estate Partners Europe VII, raising $7.6 billion to date; EQT Exeter focuses its closed-end fundraising efforts on Asia-Pacific with its latest logistics offering; ACORE closes on the largest real estate debt fund so far this year at $1.4 billion; and more in today’s briefing, exclusively for our valued subscribers.

At a size of $1.4bn, ACORE Credit Partners II is also the joint fourth-largest private real estate fund closed globally so far this year.

Institutional appetite for private funds offering access to commercial property credit markets is only increasing. But, in this special episode sponsored by ACORE Capital, the firm’s co-managing partners and CEOs explain that the field of options requires education.

The former Torchlight Investors partner has joined the real estate debt specialist as senior managing director and co-head of capital raising.

The California-based firm secured commitments from a variety of global investors.

Deals involving sector specialists represent an increasing share of consolidation activity, according to a report from Hodes Weill.

The PERE Podcast spotlights a slew of M&A deals involving some of the country’s biggest corporations staking their claims, featuring Patron Capital founder Keith Breslauer.

A lack of reinvestment is exposing weaknesses in hotel portfolios, tightening the screws on financing options.

Geopolitics and policy dominate the private real estate headlines this week as the property industry prepares for a second Trump administration, the fallout from a German political crisis, and how both could impact key moves by central banks around the world. Meanwhile, Blackstone makes a multi-billion-dollar bet on shopping centers; the PERE Network hosts its 19th annual America Forum; exclusive research provides fresh insight into the outlook for real estate allocations; and much more in today's briefing, exclusively for our valued subscribers.

Interest rate cuts could encourage greater activity as market turbulence begins to subside, but not in the short term, say participants in PERE’s US roundtable discussion.

All told, the Los Angeles-based manager now has $5.5bn to target distress real estate opportunities in the US and Europe.

The participants in PERE’s global debt roundtable consider economic opportunities in a world transformed by the war in Ukraine.

More than 18 months into the coronavirus crisis, institutional office owners continue to grapple with volatile cashflows amid an uncertain future for the sector. Yet many remain optimistic about a recovery.