Evelyn Lee
Investors at the PERE Global Investor Forum 2012 in Los Angeles spoke about pursuing more tailored options for deploying their capital in the asset class. Many GPs are paying attention. Those still not, should be.
The number of new closed-end real estate funds being launched is on track to reach its highest level in seven years at a time when the amount of investor capital going into such vehicles is dropping, according to research presented by The Townsend Group at the PERE Global Investor Forum 2012 in Los Angeles.
Despite a greater shift toward core investments, investors said they were leaving the door open for opportunistic strategies in real estate, albeit with less of an appetite for leverage.
The $80.4 billion pension plan has approved equity commitments to Principal Enterprise Capital and Aevitas Property Partners to help expand its investments in private real estate operating companies.
The New York-based private equity and real estate giant’s first-quarter earnings call revealed the relative strength of its real estate platform over private equity, particularly on the fundraising front.
The New York-based investment management firm’s debut offering attracted $900 million in equity from limited partners such as Singapore sovereign wealth fund Temasek, but it fell short of its $1 billion goal.
The Dallas-based private equity and real estate firm has agreed to buy the remaining loans in the €1.8 billion Excalibur portfolio from Germany’s central bank, marking its fourth major nonperforming loan acquisition in Europe in as many months.
The Hartford, Connecticut-based real estate investment management firm has held a final close for its latest club-style debt vehicle, which seeks to provide first mortgages for US commercial real estate properties.
The Parsippany, New Jersey real estate investment manager has completed its largest fundraise for the property type, exceeding its original target by $68 million.
Grant Berlin, former head of real estate fundraising at AllianceBernstein, has joined the Toronto-based asset manager as senior vice president in its private funds group.