The Southern Europe-focused manager took just five months to reach a final close for the fund, well below the European average.
The Los Angeles-based firm expects to bring to market the latest iterations of its European and US value-add real estate funds this year.
During the firm’s first quarter earnings call, senior executives said ‘interesting' opportunities were arising in the lower-risk strategy.
Average private real estate remuneration growth tapered close to zero in 2023, according to the annual compensation study by PERE and executive recruiter Sousou Partners.
Investors and managers are creating value with a range of ESG and sustainability initiatives.
The Cleveland-based advisory and manager is looking to tap into private wealth channels following the close of the deal.
The manager will be looking to originate its own loans, pursue securitized deals and acquire loans from traditional lenders as part of its real estate debt roadmap.
Fundraising for Alterra IOS Venture III was completed within eight months, well ahead of the average time managers are in the market raising their funds.
The firm’s chief executive Manfredi Catella is also looking to partner with other Italian institutions on a range of real estate initiatives.
The South Carolina-based manager has raised $1.9bn for the latest iteration in its flagship multifamily fund series.