Lisa Fu
The Boston-based firm was backed by investors that included Chicago Teachers and Texas Permanent School Fund.
Capital raised for real estate debt funds in 2018 fell precipitously after peaking at $39bn the previous year.
Bracing for a possible market downturn in 2019, the Chicago Teachers’ Pension Fund sees allocations to real estate debt strategies as one way for pensions to meet the liabilities of their beneficiaries.
The Portland-based public pension believes institutional investors will increasingly look to scale their industrial portfolios.
PERE talks with several experts to break down the opportunities, risks and rules that come with the new US federal program creating buzz among real estate investors.
Building a resilient portfolio with a focus on income is what will drive outperformance in the next stage of the cycle, the Swiss bank says.
Additional guidance issued by the IRS and Treasury Department gave the New York-based firm the clarity it needed to move forward with the initiative, senior executives said.
Tom Arnold, global head of real estate at the world’s biggest private real estate institutional investor, ADIA, knows real estate portfolios must be reinvented to stave off obsolescence
– just like any other product or service. He told PERE’s New York audience how the Abu Dhabi-based investor is keeping itself fresh.
The name of the private real estate game is creating core assets, so managers of closed-end strategies must plot investments for real estate that outlast the lives of their vehicles.
Firms raising capital for opportunity zone funds will need to pitch an investment strategy that considers social impact and specific tenant demands too.
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