The investor is an outlier in an industry increasingly skeptical of emerging managers.
A pan-European, open-end fund and the first of a series of SMAs is in the works, nine months on from the appointment of Nick Preston to lead Panattoni Investment Management.
The Toronto-based pension giant promoted Randy Hoffman to head of US and Tyler Seaman to head of Canada, among several other moves.
IPI was founded in 2016 as a joint venture between Iconiq and Iron Point.
The sales will offset redemption payments for the fund, for which the net asset value is projected to fall 40% over the next three years.
The asset management arm of JPMorgan Chase first entered the space after naming Chad Tredway its head of real estate Americas last year.
Despite the brighter outlook for attracting capital to private real estate, key metrics point to ongoing challenges for fund managers.
The acquisition – which includes GCP assets in Japan, Brazil and the US – will nearly double Ares’ real estate assets under management.
The Munich-based multifamily office has hired Cord Ernst to run the North American division and struck its first deal in the region.
A bitter labor dispute led to calls for the Santa Fe-based sovereign wealth fund to withhold investments from the firm.