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Blueprint: PERE's Deep Dive on multifamily distress, Blackstone's double exit in the US and South Korea, PAG consortium's $8.3bn acquisition of China mall operatorMultifamily distress is creating both challenges and opportunities for private real estate managers, as PERE's April 2024 cover story examines; Blackstone has made two high-profile exits from investments in the US and South Korea, returning capital to investors in a wide range of vehicles; PAG-led consortium buys the world's largest mall operator in $8.3 billion deal; and more in today's briefing, exclusively for our valued subscribers.
S2 Capital targets $1bn for multifamily private REITThe REIT, which will be seeded with a $1.6bn portfolio of assets, will be the largest vehicle of its kind focused on the sector.
Real estate secondaries on the cusp of a golden ageA broad pipeline of manager- and investor-led deals is emerging in the current liquidity-constrained market, fueling long-term growth.
Roundtable: India’s real estate market is stable and scalableAmid ongoing regulatory reform and infrastructure investment in the country, real estate investors see significant potential in India.
Blackstone sells prime office building in Seoul via core-plus fundsThe firm started its sale process in August 2023 and received interest from five domestic investors and a foreign investor.
Blueprint: Executive remarks on central bank decisions, CDPQ's new real estate chief, Starwood's minority stake purchase in ESR, Blackstone's UK luxury retail playExecutives weigh in on the impact of central bank decisions on real estate investing; CDPQ promotes Rana Ghorayeb, chief executive of its real estate lending arm Otéra Capital, to its new head of real estate; Starwood Capital Group acquires a minority stake in Asia logistics heavyweight ESR Group as the firm seeks to expand in the region, and more in today's briefing, exclusively for our valued subscribers.
Starwood pursues another path to growth in APACThe firm is adding its ESR stake acquisition to previous efforts to attain a presence in the region.
Selling the legacy of Hollywood’s Golden AgeHenderson Park has purchased the Arizona Biltmore Hotel, former haunt of Marilyn Monroe and Frank Sinatra, from Blackstone for $705m.
Blueprint: PERE's Deep Dive on sector-specific funds, Apollo’s debut European debt fund, ESR's sale of ARA Private FundsPERE's March cover story zeroes in on why specialist funds are likely to have more luck attracting capital than their diversified counterparts this year; Apollo targets $1.09bn for its first European real estate debt fund in an increasingly crowded market for large property lending vehicles; ESR sells ARA Private Funds as part of its $750 million divestment plan; and more in today's briefing, exclusively for our valued subscribers.
Blackstone is ready to talk about its Embassy REIT exitWith support from some of India's biggest domestic investors, the exit from Embassy REIT generated a 3x to 3.5x return for Blackstone.