Massachusetts Pension Reserves Investment Management Board related stories
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Blueprint: Stoneweg’s M&A push; Kennedy Wilson's privatization; Nuveen’s investor expansionStoneweg plans to scale its real estate AUM to €15 billion by 2030, eyeing the deployment of €1 billion across Europe’s living sector in 2026 alone. Kennedy Wilson is slated to be taken private in a $1.65 billion deal agreed by a consortium of executives at the firm and Fairfax Financial. Elsewhere, Nuveen is diversifying the investor base of its Nordic self-storage platform by inviting capital partners outside its parent company; and more in today’s digest, exclusively for our valued subscribers.
Blueprint: Sculptor’s record fundraise, LaSalle’s next CEO, investor consolidation, and moreSculptor Capital Management tops the headlines this week, as PERE can exclusively report the manager has closed its fifth, and by far its largest, flagship property fund yet, pulling in $5.4 billion for a strategy focused on niche property types. Meanwhile, London’s Grosvenor Group breaks into a new market; Chicago’s LaSalle reveals its next global CEO; Korea’s NPS backs a UK multifamily venture; an Artemis veteran finds a backer for his own senior housing platform; a slew of mega-managers announce big logistics tie-ups; and more in this week’s digest, exclusively for our valued subscribers.
Blueprint: A life sciences rebound, Ontario Teachers’ Asia retreat, Sixth Street’s staycation and moreThis week’s top story highlights a contrarian effort in one of real estate’s most challenged sectors of recent years: life sciences. Eyeing opportunity in the wake of a broad retreat from the category, Tishman Speyer-backed Breakthrough Properties is back with a second fund with $430 million in initial commitments to show for it. Elsewhere, retrenchment wears on as Ontario Teachers cuts its Asia real estate team, prime offices enjoy a global rent bump, Sixth Street bets on San Francisco and more in this week’s digest, exclusively for our valued subscribers.
Blueprint: KKR’s milestone, BREIT’s interim chief, manager M&A and moreTwo noteworthy pieces of information revealed in regulatory filings top the private real estate headlines this week, as KKR hits a $2 billion milestone on its latest US property fund, while on a more somber note, Blackstone discloses the appointment of an interim CEO of BREIT after the shocking loss of Wesley LePatner last month. Elsewhere, HSBC names its next real assets head, M&A data shows manager stake sales are on the rise and more in this week’s briefing, exclusively for our valued subscribers.
MassPRIM commits $75m to real estateThe Boston-based pension fund backed DivcoWest Fund VII.
Blueprint: NBIM's big Blackstone commitment, Cohen & Steers and IDR join forces, Hines loses another executiveScandimania dominates this week’s headlines: NBIM kicks things off with a blockbuster commitment; meanwhile, Hines, the firm from which NBIM recently poached its head of real estate, loses another top executive. Two US-based managers copy NBIM’s approach of targeting public and private real estate, Greystar enters the Nordic market, and more in this week’s briefing, exclusively for our valued subscribers.
Blueprint: ART's $1bn Almanac mandate, Apollo's Bridge to real estate primacy, PERE Asia Summit, and moreMega-deals top the private real estate headlines this week as Australian Retirement Trust and Almanac Realty Investors go hunting for US operating companies while Apollo agrees to buy Bridge Investment Group in a transaction poised to make it one of the industry's biggest managers. Elsewhere, Sculptor Capital Management raises its largest-ever property fund, Hines recruits a veteran APAC capital raiser, and more in this week's briefing, exclusively for our valued subscribers.
Blueprint: Ares' GCP ambitions, Blackstone's office view, Gaw's Tokyo mega-deal and moreAres Management's plans for its expanded real estate business post-GCP acquisition begin taking shape, Blackstone mulls a major return to the office sector, Partners Group's co-head of real estate exits, a Gaw-led venture strikes a billion-dollar deal in Japan and more in this week's briefing, exclusively for our valued subscribers.
Blueprint: Distress takes an unexpected turn, KKR goes big on UK hotels, MARK raises €660 million, and morePERE's latest issue arrives this week with a cover story on the changing outlook for distress and how some of private real estate's largest managers are adapting to unexpected twists in the market. Elsewhere in the industry, KKR forms joint ventures on two continents, MARK Capital Management breaks down a €660 million fundraise, BGO earns an institutional mandate, and more in this week's newsletter, exclusively for our valued subscribers.
Blueprint: Real estate reacts to Trump's re-election; Blackstone bets on retail; PERE's 19th annual America Forum and moreGeopolitics 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.