Lisa Fu
Firms like Cerberus Capital Management and Amherst are focusing on the sector as investor interest picks up on the back of Invitation Homes’ IPO success.
Total deployment in the asset class from publicly traded firms Blackstone, Apollo, Carlyle, Ares and Brookfield increased year-on-year, but realizations dropped at the same time, according to the firms’ latest earnings results.
Tony James’ Jefferson River is part of an uptick in family offices seeking to invest in the asset class for the first time.
The Dutch pension fund aims to invest €1.5 billion in North America by 2020.
The German pension fund is part of a six-party consortium that has purchased more than 100,000 square feet of vacant office space at 685 Fifth Avenue in New York.
The $155m outlay for the office space at 685 Fifth Avenue takes a seemingly disparate group of institutional organizations into an unusual place.
The round of promotions is a result of the Los Angeles firm’s real estate platform growing tenfold in assets under management over the past 10 years.
Despite headwinds affecting the sector, Sterling Organization has exceeded the $450m target on its latest vehicle.
The alternative real estate sector has seen a flood of new entrants and increased supply.
The New York-based firm expects to bring its latest global property fund to market in the third quarter, with a close as early as year’s end.