The UK manager aims to bring all of its real estate equity and debt strategies into Spain and elsewhere in Europe over the next three years.
The once-overlooked category was back in the spotlight at the PERE Network’s America Forum last week
Prior to Milan Khatri’s appointment, the firm hired BlackRock’s former head of Asia real estate to run its overall investment business.
The fund has $350m in the pipeline across 10 US markets.
The right sector exposure is important for buyers, but sellers will be predominantly those looking to scale up with larger firms, writes Berkshire Global Advisors' Drew Murphy.
The US firm's real estate credit business has previously focused on the US, Europe and Australia.
The UK asset manager has acquired a majority stake in BauMont Real Estate Capital to diversify into higher-returning real estate.
The New Jersey-based manager’s co-CEO said pricing has dropped low enough in certain markets to consider alternative use.
The investor’s newly formed international team has partnered with Delancey to invest £1bn in the UK, with London offices as the initial focus.
Alongside the APAC-focused main fund, the firm is working with Aermont Capital to develop a separate sleeve for European data centers.