Christie Ou
Although the firm will continue to own other parts of ARA Asset Management, the APF sale itself includes notable exclusions.
Henderson Park has purchased the Arizona Biltmore Hotel, former haunt of Marilyn Monroe and Frank Sinatra, from Blackstone for $705m.
With support from some of India's biggest domestic investors, the exit from Embassy REIT generated a 3x to 3.5x return for Blackstone.
In addition to expanding into non-core strategies, the investor is planning to increase its pool of real estate funds from five to 15 by 2025.
Hong Kong's AIA, Malaysia's KWAP and Employees Retirement System of Texas are among those looking to prioritize opportunities in the US.
Asian firms dominated the region’s award shortlists in both Firm of the Year and Capital Raise of the Year in 2023.
Indonesia’s first and only sovereign wealth fund expects to expand its real estate allocation to 15% over the next five years.
The firm will focus on converting existing hospitality assets into co-living properties in the country through a value-add strategy.
The Hong Kong-based firm has received an initial commitment of more than $400m from an anchor investor in the fund.
Although 38% of investors were overallocated to the asset class in 2023, only 27% plan to invest less capital this year.