Kyle Campbell
The mega-manager is ahead of schedule on deploying several opportunistic funds and using core-plus capital to close its biggest deals, its COO says.
The $1.6bn takeover of Oak Street by recently formed Blue Owl demonstrates how blank check companies are getting closer to direct real estate investing.
The newly listed asset manager acquired the Chicago-based net lease specialist for $1.6bn. Oak Street says the deal paves the way for further growth.
The partners, along with an unnamed sovereign wealth fund, have already committed $500m to a joint venture to buy and build rentable production space.
The real estate sector is rife with bulls and optimists, individuals more inclined to extoll the virtues of a promising investment than admit the flaws of a bad one. This is particularly true for assets they already own. Given this culture of positivity, it is of little surprise so many in the industry are reluctant […]
Tishman Speyer CEO Rob Speyer walks PERE through ‘one of the most active and acquisitive periods’ in his company’s history.
Investors continue to back the Chicago-based firm's Asian Opportunity Fund series despite Mark Gabbay's departure as key man.
The New York manager is not tied to a specific allocation strategy for REPA III, and that is the way investors like it, the firm says.
The close is a record for the Chicago-based firm, which is expanding into data centers and single-family rentals with its latest vehicle.
The firm is raising the $1.75bn hard-capped strategy as a series of separate accounts that could be joined together at a later date.