Arshiya Khullar
More than 18 months into the coronavirus crisis, institutional office owners continue to grapple with volatile cashflows amid an uncertain future for the sector. Yet many remain optimistic about a recovery.
The firm’s rapid $9bn-plus first close haul for BSREP IV is a vote of confidence in Brookfield’s loyalty to the troubled sectors.
The New York-based firm nearly tripled its real estate AUM in one year after securing commitments to Europe and Americas funds.
2021 has seen notably more M&As involving complete acquisitions compared with partial stakes. That trend will accelerate as the post-pandemic market bifurcation continues.
The firm has invested $150m, which is higher than its previous GP co-invests, in Invesco Real Estate US Fund VI.
The abundance of primary fund capital, delayed business plans and the uncertainty around offices and hospitality will spur more secondaries opportunities.
The long-standing partners’ latest partnership targets a sector that has quickly become a high-conviction investment choice for investors.
So-called ‘beds for rent’ sectors in the UK are becoming a preferred allocation choice for investors over offices and retail, according to findings published by Investec.
The $65.9bn AUM manager will kick-start its investments in the asset class with the secondaries space as initial area of focus.
Extended Stay America’s privatization was the sector’s biggest M&A event but rising valuations and market recovery could limit further opportunistic buying.