The New York-based housing specialist’s fund was backed mostly by US investors, including the Virginia Retirement System.
The firm’s CEO said $2trn in projected capital expenditures in data center development globally will create ‘unprecedented opportunities.’
Before launching a dedicated fund, the firm has deployed over A$5bn in Australia across real estate debt and equity since 2011.
Hamid Moghadam, however, is less concerned about the direct impact of tariffs on China.
Lee Levy, senior managing director and head of debt, most recently was Goldman Sachs' co-head of US real estate credit investing.
Labour’s new planning and housebuilding proposals will boost demand for space and increase rental growth in the country’s logistics market, write DTRE’s Robert Taylor and Will Elvidge.
The Miami-based firm is expected to complete a rolling first close for the opportunistic vehicle later this year.
In its first investment for the fund, the manager has acquired a 40% stake in a Swedish student accommodation portfolio.
The fund has seeded a just-launched private debt strategy from an industry veteran.
The manager bought two luxury high-rise apartments for $222m all cash.