Sixth Street related stories
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Sixth Street’s Alvarado: Future winners ‘need to be more than capital’The PERE Podcast unpacks how Sixth Street is refining its real estate platform amid a wave of macro geopolitical volatility, AI adoption, data demand and broader private credit turbulence.
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: Makarora, Ares to take Plymouth private, AEW ends its Asia flagship series, the trend driving consolidation, and moreThe seasons have finally begun to change in many markets this week, but private real estate still finds itself in a similar state of flux. Makarora and Ares Management swoop in as surprise buyers for Plymouth Industrial REIT; AEW ends its Asia fund series; parent PEI Group's Private Markets 2030 feature demonstrates changing investor landscape driving manager consolidation; Nuveen gets into the private wealth market; and more in this week’s digest, exclusively for our valued subscribers.
Makarora, Ares ink $2.1bn deal to take Plymouth Industrial REIT privateThe transaction elbows out a rival bid by Sixth Street, made in August and widely expected to go forward.
Blueprint: Korea’s NPS and KIC's different takes on real estate, Aware Super’s US splash, Invesco’s retail push, and moreThis week kicks off with the PERE Seoul Forum, where the spotlight was on Korea’s two investment giants, NPS and KIC, and their differing approaches to a shifting global real estate market. Meanwhile, Australia’s Aware Super makes good on a pledge to boost its US exposure; Principal opens a pipeline to French retail investors; family offices warm to US equity; LaSalle sizes up Europe’s potential NATO lift; Sixth Street hires a real estate fundraiser and more in this week’s digest, exclusively for our valued subscribers.
Starwood's Sternlicht on ESR privatization: ‘Our goal here is to clean it up’Starwood Capital's chairman and CEO anticipates the transaction will ‘create very high returns’ for the mega-manager’s Fund XII.
Värde raises €450m continuation fund to back Spanish developerInvestors in the fund include US asset manager Cross Ocean Partners and indirect real estate funds managed by CBRE Investment Management.
'It's an alpha trade': Private equity comes for logistics REITsThe PERE Podcast breaks down Blackstone’s pursuit of Warehouse REIT amid a string of industrial focused take-privates.
Sixth Street should become a real estate fundraising juggernautWith the manager’s $1bn takeover bid for Plymouth Industrial REIT capping 18 months of growing its property platform through M&A, dedicated capital formation could be next.
Sixth Street proposes $1bn take-private of Plymouth Industrial REITThe San Francisco-based manager has made a nonbinding offer for the Boston-based listed company and its 32 million-square-foot US warehouse portfolio.