The CEO believes real estate private credit could become the biggest part of the Toronto-based manager’s global property business.
An increasing focus on creating cashflow and upgrading buildings has changed how investment skills are prioritized, said panelists at INREV’s North America event.
Real estate market participants do not expect a significant immediate change in debt market conditions.
With the country set to elect a new governing party for the first time in 14 years, industry executives consider the implications.
Stuart Mercier was responsible for establishing the Canadian group’s overall business in China before he expanded into a more regional role.
The value of sustainable buildings should not be confused with the practice of sustainable investment in buildings, say GRESB’s Chris Pyke, chief innovation officer, and Parag Cameron-Rastogi, real asset analytics director.
An undisclosed ultra-high-net-worth individual purchased the revamped property from ActivumSG for €51m.
The Atlanta-based firm has invested in the niche residential strategy – one of its high-conviction themes – in the US since 2022.
The decline of the five-day commute has been a boon for suburban retail, according to the manager.
The endowment has proposed reducing its allocation target to the asset class in favor of stepping up activity in private equity.