Goldman Sachs Asset Management related stories
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Goldman Sachs sees 'opportunities for further dispositions’ in 2024The banking giant's CFO said the firm ‘made substantial progress’ in selling down its commercial real estate balance sheet portfolio in 2023.
Blue Owl's Zahr: The net lease specialist going bigOn the verge of closing the firm's first real estate mega-fund, Marc Zahr’s next challenge is deploying the capital into the still-maturing sector.
Private real estate groups see relative value swing toward creditNegative sentiment and macroeconomic and geopolitical concerns continue to hold back the market, panelists said at PERE America.
For many real estate investors, liquidity is ‘outside of our control’Having capital to redeploy into new opportunities has been a major challenge for all types of institutions, delegates heard at PERE America.
Blueprint: PERE Global Awards 2023 launch, Blackstone's European fundraise, Goldman's write-downsPERE's eagerly anticipated annual awards launch today with our customary call for submissions across 67 categories, including Innovation Investor of the Year for the first time; Blackstone raises nearly half of its targeted equity for its latest European opportunity fund; Goldman Sachs writes down its balance sheet real estate assets by one-third since start of the year; and more in today's briefing, exclusively for our valued subscribers.
- Goldman’s real estate markdowns drive $212m in Q3 losses
The New York-based banking giant has been working to actively reduce its balance-sheet exposure to the sector since the start of the year.
Blueprint: Industry reacts to interest rate pauses; Harrison Street hits $2bn for latest opportunity fundPrivate real estate executives digest a widespread pause in interest rate hikes by central banks; Harrison Street joins a limited cohort of fundraising winners this year; Heitman calls out insurance costs as a major industry threat; and more in today's briefing, exclusively for our valued subscribers.
Goldman Sachs’ real estate heads: ‘We’re calm, measured and moving forward with our plans’The Wall Street titan’s real estate investment management business remains on course to transition from balance sheet investing to third-party capital management despite headlines about departures and earnings, say real estate bosses James Garman and Jeff Fine.
Blueprint: Carlyle CEO’s optimism on real estate, the impact of the US credit downgrade, EQT Exeter’s non-traded REIT IPO, KKR’s Los Angeles office openingCarlyle chief executive Harvey Schwartz shows optimism for the firm’s fundraising and investment prospects in real estate; the US's second credit downgrade raises questions about longer-term investor allocations to the country; EQT Exeter launches a $5 billion non-traded REIT to primarily focus on real estate assets with business tenants; KKR installs real estate executives in Los Angeles; and more in today's briefing, exclusively for our valued subscribers.
- Senior exits call Goldman’s real estate ambitions into question
Following a new round of leadership changes, the bank’s plans to recapture its former glory in the asset class are back in the spotlight.