Although the firm will continue to own other parts of ARA Asset Management, the APF sale itself includes notable exclusions.
Henderson Park has purchased the Arizona Biltmore Hotel, former haunt of Marilyn Monroe and Frank Sinatra, from Blackstone for $705m.
With support from some of India's biggest domestic investors, the exit from Embassy REIT generated a 3x to 3.5x return for Blackstone.
While the largest diversified funds still rule the pack, capital is increasingly flowing to vehicles with a singular investment focus.
At the PERE Network Asia Summit, the sovereign fund's global head of real estate said elevated rates had made the sector less competitive.
German lenders including Deutsche Pfandbriefbank are seeing their share prices impacted by US commercial real estate exposure.
The private real estate arm of Morgan Stanley has agreed an additional year to deploy the fund’s capital amid market challenges.
AXA IM Alts prepares to buy the iconic British film and television studios from the BBC in a sale-leaseback.
The Ares-RXR venture comes at a time when transaction activity in the city has started to tick upward and capital is starting to move.
Dealflow is likely to increase, says Marten Foxon, former head of the global hospitality portfolio at Abu Dhabi Investment Authority.