Rachel Lupiani will be raising and investing capital for Brave Corporation, focused on repositioning offices at risk of becoming stranded.
The firm has launched the strategy at a time when real estate financing ‘is a pretty broken market,' according to CEO Jon Winkelried.
The Munich-based mega-manager is reducing its exposure to India and China to redeploy the proceeds into the region’s more developed markets.
Despite the more positive outlook for the sector at a pan-Asia level, organizations from the US and Europe are still taking opportunities to reduce their exposure to the region.
The concentration of bond financing issued by the country’s REITs makes it a target for potential acquisitions in the coming months.
The commitment from the real estate investment arm of the Swiss banking giant has been invested in portfolio company Placefirst.
The former Neiman Marcus retail space, which Wells Fargo acquired for $550m, will become the sole office space in the retail property.
The firm plans to lower the vehicle's exposure to offices by 15-20% as it seeks to top up its allocation to multifamily and logistics.
The manager closed on an additional $2bn for its latest real estate opportunistic fund during Q3 2023 amid a pick-up in transaction activity.
Two senior members of APG’s real estate team discuss how they assess the performance of their digital colleague Samuel.