Brookfield Asset Management

The world’s largest real estate manager is set to get larger this year, with Blackstone president Jon Gray predicting increased capital deployment amid “tremendous momentum” for its property business to start 2026. Elsewhere, Madrid-based manager Stoneshield gets the year off to a flying start with its latest fund targeting the Southern European market; PERE’s latest investor survey shows growing confidence in private real estate; Brookfield returns to outdoor storage; a US pension hits obstacles in affordable housing, and more in this week’s digest, exclusively for our valued subscribers.

The increase in fundraising activity was largely driven by Blackstone and Brookfield, which together raised more than $35bn last year.

The vehicle’s $2.6bn final close came months before Brookfield agreed to buy the Los Angeles-based manager’s outstanding shares.

The week leading up to PERE’s 20th annual PERE Network America Forum was one of push and pull: Gaw Capital decided to stop adding to its institutional offerings in Europe and the US in a retrench to Asia; Brookfield pushed into real estate secondaries exits; and EDF Invest thrust its way into the residential sector; and more in this week’s digest, exclusively for our valued subscribers.

Strong rental growth allowed the manager to exit portfolios of industrial and student housing assets three years earlier than planned.

Brookfield’s new real estate CEO readies a major initiative just months after taking the helm of one of the world’s largest managers.

Inside: Brookfield’s new real estate CEO talks to PERE about the firm’s new strategy; A 20-page special report on technology, including our Proptech 20 ranking of biggest fundraisers in the sector; A US roundtable; And much more…

Panelists at the Yale Real Estate and NYU Schack Women in Real Estate conferences question optimistic underwriting among office buyers.

Marcus Day, former co-head of Brookfield’s real estate secondaries platform, has joined LaSalle as it looks to expand its multi-manager and fund of funds offerings.

The Canadian pension's entry into the market was supported by deepening capital markets and travel tailwinds, says country head Hari Krishna.

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

The Alberta pension has hired Dan Teper, a former real estate specialist at the Abu Dhabi Investment Council and Brookfield, to oversee its C$26.5bn property portfolio.

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

The special administrative region’s problems have been compounded by cap rates that have been hard to dislodge, even as rising interest rates create a negative carry environment.

As growing investor appetite coincides with a unique buying opportunity, medical outpatient buildings are emerging as an increasingly viable institutional property investment.

Tracy Stroh, who has been with the Singaporean sovereign fund for 25 years, will leave the business at the end of the month.