US hotel owner-operator MCR Hotels has agreed to purchase the telecommunications tower from BT Group for a reported £275m.
Momentum may be building in the fundraising space, but more managers are making concessions to get a slice of the action.
Default risk in the multifamily sector is growing, catching out some managers and their investors – while creating opportunities for others.
Market pressure on managers and investors is encouraging the growth of continuation funds, but a transparent and rigorous process is needed.
Inside: A special report on why retail can make a comeback; How in-story shopping and e-commerce can work together; Plus expert comment from PGIM Real Estate
The real estate secondaries market is poised for significant growth, driven by increased demand for capital, attractive discounts to net asset value and a broadening range of transaction types.
Ares Management data shows deal volume for real estate secondaries fell 21% in 2023 from the record $12.4bn clocked the year before.
The US has traditionally dominated the real estate secondaries market, but Europe and Asia are poised to make up ground.
Inside: Multifamily – Private real estate’s surprise problem child; Looking for opportunities in India; A 10-page special report on retail; Plus much more…
Inside: How continuation funds are driving manager-led opportunities; Europe and Asia play catch-up in the real estate secondaries market; Plus expert comment from industry leaders; And much more…