The firm has acquired three offices under the core strategy in Singapore, Sydney and Seoul since it was launched in 2018.
The £500m commitment to a joint venture with Kennedy Wilson represents the Canadian pension plan’s first foray into SFR in Europe and a chance to 'really go at scale' in the sector.
The deal includes a separate $200m seed investment by the UK pension investor, which cited growing institutional interest in US multifamily and logistics assets and decarbonization initiatives.
During Expo Real in Munich last week, executives tempered hopes of a market recovery citing the influence of geopolitical events on capital flows and investments.
IPI was founded in 2016 as a joint venture between Iconiq and Iron Point.
The acquisition – which includes GCP assets in Japan, Brazil and the US – will nearly double Ares’ real estate assets under management.
The Munich-based multifamily office has hired Cord Ernst to run the North American division and struck its first deal in the region.
The Spanish manager has partnered with US developer Advenir to build 10,000 single-family homes and buy 5,000 existing rental units.
The investor’s £150m commitment to a BTR joint venture marks ‘quite a departure’ for its real estate strategy, says CIO Elizabeth Fernando.
Walton Street Mexico is focused on industrial properties in the Latin American country.