In seeding a first-of-its-kind pan-European student accommodation fund, the manager’s indirect real estate business has shifted its approach to the sector.
By supporting lesser-known managers, the pension plan is thinking and investing differently from many of its industry peers.
The UK pension pool made the first investment for its newly launched UK Residential Indirect Property Partnership earlier this month.
The investor is an outlier in an industry increasingly skeptical of emerging managers.
The Toronto-based pension giant promoted Randy Hoffman to head of US and Tyler Seaman to head of Canada, among several other moves.
The Munich-based multifamily office has hired Cord Ernst to run the North American division and struck its first deal in the region.
A bitter labor dispute led to calls for the Santa Fe-based sovereign wealth fund to withhold investments from the firm.
The LGPS collective has tasked Orchard Street with deploying £100m to decarbonize direct UK real estate assets.
Certain investors on PERE’s ranking have attributed their shrinking real estate allocations to sales.
PERE’s ranking of the largest institutional investors in private real estate succumbs to macroeconomic challenges to record its lowest-ever growth.