Lisa Fu
The Boston-based private equity real estate firm has finished deploying its $257m US logistics fund with the acquisition of a Chicago-area industrial portfolio, beating its 18-month investment target.
The Swiss bank predicts after years of outperformance, the sector will slow down as potential regulation and the danger of overvaluation emerge as headwinds.
Institutional investors accounted for two-thirds of the fund as alternative real estate investment demand continues to rise.
The 10 largest managers represented 38.6% of the $2.8trn in total real estate AUM at the end of 2017.