Pennsylvania Public School Employees' Retirement System related stories
All articles and analysis
Blueprint: What we heard at MIPIM, Benson Elliot's comeback, and moreThis week, PERE is fresh off a whirlwind of on-the-ground meetings at MIPIM, where property investors reacted in real time to a quickly shifting global economic landscape, but shared optimism about a return to dealmaking in Europe. Elsewhere, Benson Elliott makes a comeback with its first flagship fund close post-PineBridge acquisition; Manulife makes a move into Australia; QuadReal targets mobile homes; 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: Inside Ares' GLP carveout, Blackstone counsels patience, PIMCO shuffles leadership and morePERE's Asia-Pacific reporter Christie Ou explores the fallout from Ares Management's mega-deal for logistics manager GLP Capital's ex-China business; Blackstone predicts better days – and bigger returns – ahead for real estate, CBRE Investment Management gets creative in student housing; PIMCO sees another leadership shakeup; Goldman Sachs sizes up a “new normal” for interest rates; and more in today's briefing, exclusively for our valued subscribers.
Blueprint: Introducing PERE Deals, another dismal fundraising quarter, Brookfield's logistics mega-dealThe 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.
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: Ares and KKR declare real estate market bottom, a French real estate giant emerges, fundraising periods take longerAres, KKR leaders add their voices declaring a market bottom and intent to go on the acquisition offensive; the sale of the asset management business of French insurer AXA to the country's bank BNP Paribas means another private real estate giant gets even bigger; PERE data demonstrates how funds are taking notably longer to get closed; and more in today's briefing, exclusively for our valued subscribers.
PSERS makes first real estate commitment of 2024The pension plan has made significant headway toward its annual pacing target with a $300m investment in Carlyle Realty Partners X.
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: Goldman's $3.6bn close, Tishman Speyer's data center buy, prices slide in AsiaGoldman Sachs Alternatives' final close for West Street Real Estate Credit Partners IV brings it a $7 billion lending capacity; Real estate prices in developed markets in Asia are down 10 percent from their peak in 2022, creating a entry point for investors; Tishman Speyer makes its first industrial acquisition in Europe which doubles as the firm’s first data center project; and more in today's briefing, exclusively for our valued subscribers.
RED 50 managers shrug off market woesThe largest real estate debt managers once again outperformed in a nightmare year for real estate fundraising.