The firm has launched the strategy at a time when real estate financing ‘is a pretty broken market,' according to CEO Jon Winkelried.
The manager closed on an additional $2bn for its latest real estate opportunistic fund during Q3 2023 amid a pick-up in transaction activity.
The strategy is the second-largest in the Los Angeles-based firm’s real assets business after US real estate equity.
Over half of the New York-based mega manager’s investment activity in real estate this year has been in the region.
Hamid Moghadam says the logistics real estate giant is now focusing on acquiring assets with higher-return potential.
The firm's chief executive anticipates 'the best environment we have seen since 2009' for investing in opportunistic real estate.
The Utah-based firm is now ready to launch of the successor vehicles in both its workforce and affordable housing and debt strategies.
The Washington, DC-based firm’s chief executive was optimistic about both fundraising and deal activity in the asset class going forward.
The Los Angeles-based manager raised an aggregate $500m for its funds targeting the strategy in the second quarter of 2023.
The New York-based mega manager has held an 'accelerated' first close on $1.3bn for its seventh European opportunistic real estate fund.