The Miami-based manager raised nearly 30% of Fund IV’s equity from co-investment capital, driven in part by platform investments.
The Singapore-headquartered firm will combine its real estate and alternative assets units into a real assets platform led by the group CEO.
All told, the Los Angeles-based manager now has $5.5bn to target distress real estate opportunities in the US and Europe.
One major takeaway from the week-long event was the differing real estate estate appetites between Korean and Japanese investors.
The UK manager plans to treble its residential allocation and form more institutional partnerships as part of an ongoing real estate revamp.
The five assets are in Massachusetts, Maryland, New Jersey, Pennsylvania and Virginia.
As prices tumble, the mega-manager is back to investing aggressively in a sector it spurned two years ago.
The Dallas-based private equity real estate firm has kickstarted its fast deployment plans for the $2.7bn vehicle with a large logistics, retail and offices portfolio.
The firm’s co-founder says fundraising in today’s market requires more effort than three or four years ago.
The South Korean pension fund has kicked off its return to equity investing in the asset class with commitments to logistics strategies.