Amid delayed cuts, some firms continue to model lower borrowing costs, while others have not factored them in at all.
The potential combination of two top 10 PERE 100 firms is unlike other private real estate M&A deals for multiple reasons.
The four industrial properties located on the Texas-Mexico border were sold to two institutional buyers.
The US firm is aiming to hold a final close this summer for the globally focused vehicle, which would be its largest closed-end fund yet.
Many assets considered top-tier in the sector are older and do not meet ESG expectations. That needs to change, says Craig McDonald, principal at Ardstone Capital UK.
Founder Keith Breslauer says most US investors were not interested in pursuing distress in Europe, perceiving a greater opportunity at home.
Included in the firm's arsenal of capital is $2.5bn raised for two Asia real estate funds following its acquisition of Angelo Gordon.
Among the $20bn raised by the Toronto-based firm during the period was $2.2bn for its fifth flagship real estate fund, BSREP V.
The historic five-star hotel on the Grand Canal has been closed since 2022 for renovation, and now has a new owner.
Mergers and acquisitions remain muted, but potential sellers are hungry for partners that can push their products onto retail investors, says Drew Murphy, partner and head of real estate at Berkshire Global Advisors.