Massachusetts Pension Reserves Investment Management Board related stories
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Blueprint: NPS commits to fewer funds, Blackstone’s $1bn multifamily sale, Hines’ latest leadership changeNPS reduces the number of its fund investments in real estate, the only alternative asset class where the South Korean pension fund undertook a downsizing; Blackstone sells an 11-apartment portfolio for nearly $1 billion, sparking a re-examination of pricing by some industry watchers; Hines elevates another Hines family member to the office of the CEO as part of an ongoing succession plan, following a senior leadership reshuffle in late July; and more in today's briefing, exclusively for our valued subscribers.
Blueprint: ADIA'S $400m commitment, GIC's climate calculus and calling US election watchersAbu Dhabi Investment Authority is doubling down on European debt with a big commitment to Arrow Global; GIC outlines how it is protecting its portfolio from climate risk; the co-founder of Asia logistics specialist LOGOS Property Group is striking out on his own; PERE is seeking your opinion on the upcoming US election; and more in today's briefing, exclusively for our valued subscribers.
Blueprint: Starwood's redemption limits, CPP's real estate exposure shift, Stoneweg's Cromwell acquisitionStarwood Capital takes limiting redemption requests at its Starwood Real Estate Income Trust to the next level; Swiss manager Stoneweg puts itself on the map via the acquisition of Cromwell Property Group's European business; how the Canada Pension Plan's exposure to real estate keeps reducing; and more in today's briefing, exclusively for our valued subscribers.
Blueprint: GIC’s real estate leadership changes, MSREI’s fund extension for G10, Brookfield’s first close for BSREP VGIC’s real estate chief investment officer Lee Kok Sun retires after 27 years at the Singaporean sovereign wealth fund; Morgan Stanley Real Estate Investing receives a one-year extension on the investment period for its tenth global real estate fund; Brookfield raises $8 billion in the initial close for BSREP V; and more in today's briefing, exclusively for our valued subscribers.
Blueprint: ECB repeats concerns about commercial real estate's impact on banks, London office market produces more negative headlines, Coima brings aboard GIC for 'brown-to-green' strategyWith the US celebrating Thanksgiving, PERE's attention has been dominated by events in Europe, with the European Central Bank repeating concerns over the indebtedness of the commercial real estate sector; the office malaise in London leading to further headlines about building loan sales at a discount; important tenants undertaking strategic reviews about reducing their workplace footprints; and more besides in today's briefing, exclusively for our valued subscribers.
Blueprint: PERE America Forum lands in New York, Starwood’s Fund XIII launch, Proptech 20 ranking unveiledPERE hosts its annual America Forum with two days of in-depth discussions in New York, Starwood joins a tight mega-fund race with the launch of Fund XIII, which has a big focus on data centers, this year’s Proptech 20 shows a slowdown in capital raising growth, we make a final call for PERE Awards submissions and more in today's briefing, exclusively for our valued subscribers.
Blueprint: WeWork's 12-month survival plan, leadership retirements at AEW and Savills IM, Brookfield's Flatt predicts top vintage opportunity fundWeWork plots a mass reduction in office occupation as part of plans to save itself in another headwind for institutional office landlords; AEW and Savills Investment Management see senior shuffles as Jeff Furber and Kiran Patel prepare for retirement; Brookfield boss Bruce Flatt predicts a repeat of the firm's famous post-GFC Turnaround Consortium performance; and more in today's briefing, exclusively for our valued subscribers.
No time like the present for aspiring female foundersThe current market downturn is an opportunity for women with a vision to access capital hungry for fresh perspectives.
Blueprint: Brookfield's fifth global fundraise, ESR's maiden Thailand investments, Tishman Speyer's APAC family office fundBrookfield's next global fundraising effort kicks off with the Toronto-based manager eyeing a "tremendous vintage"; ESR enters Thailand with local developer; Tishman Speyer adds to the growing list of private wealth ventures in Asia; and more in today's briefing, exclusively for our valued subscribers.
BentallGreenOak collects first capital for maiden value-added US debt fundThe New York-based manager has garnered a $100m commitment from MassPRIM for the vehicle.