Pembroke Pines Firefighters & Police Officers Pension Fund

PERE's latest fundraising report, out this week, confirms how 2024 was an extraordinarily difficult year for real estate managers. Will things turn around in 2025? A string of mega-deals suggests buyers and sellers are finding common ground. Leading the way is Korea's NPS, with nearly $2.4 billion in commitments to a pair of real estate ventures. Elsewhere in the industry, AustralianSuper picks up a 50 percent stake in Oxford Properties' European logistics platform, GIC names its next Americas real estate chief, US multifamily managers land in regulators' crosshairs and more in this week's briefing, exclusively for our valued subscribers.

The waiting is over: PERE Deals, our exclusive news and data service, is officially live – as is PERE's latest fundraising report, which paints a less-than-rosy picture of the capital raising environment through the first nine months of the year. Elsewhere among this week's headlines, Brookfield and Panattoni fortify their positions in the red-hot logistics sector; UBS navigates another wave of redemption requests; PERE salutes private real estate's most influential women and more in today's briefing, exclusively for our valued subscribers.

Record fundraises by Ares and BGO and a target-missing capital haul by Lone Star dominate the private real estate capital markets headlines; Aviva Investors adopts a progressive approach to real estate investing with less reliance on benchmarks; Korean and Japanese investors at PERE's live events last week talk of boosting their real estate exposures, and more in today's briefing, exclusively for our valued subscribers.

NPS 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.

Japan’s Government Pension Investment Fund has upped its allocation to private real estate, despite being the only alternative asset class in the investor’s portfolio to record a dip in return during its 2023 fiscal year; Starwood nears halfway mark in its capital raise for Fund XIII, showing little impact from SREIT’s woes; HIG Capital wraps up its third European value-add fundraise, marking the largest fund targeting the region to close this year; and more in today's briefing, exclusively for our valued subscribers.

Los Angeles-based Ares Management is said to be on the cusp of buying a stake in GLP Capital Partners’ ex-China fund business, which has $66 billion of AUM in Japan, Southeast Asia, Europe, the US and Brazil; BlackRock is diving deeper into the data center world by acquiring a stake in Germany's Mainova WebHouse GmbH; Carlyle is on track for what could be the biggest fundraise of 2024; Amsterdam-based Redevco has added another senior executive to its ranks; and more in today's briefing, exclusively for our valued subscribers.

Brookfield Asset Management reaches over $8 billion in commitments for Brookfield Strategic Real Estate Partners V, bringing the vehicle over halfway to its final target; Starwood forms a consortium of investors, including TPG-spinout credit platform Sixth Street Partners and New York investment firm SSW Partners, to propose a buyout of the Asian industrial giant ESR Group; PGIM Real Estate is targeting $2 billion for a global data center fund; and more in today's briefing, exclusively for our valued subscribers.

PERE 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.