Despite a risk-off environment, lenders are ‘having to get their heads around’ operational deals given the uptick in activity in the space.
Patrizia’s global investor survey results also reveal a shift in focus from core and core-plus strategies to debt and value-add real estate.
Institutional investment in life sciences real estate is set to grow in both the US and UK markets, says James Jacobs, head of real estate for Lazard’s private capital advisory group.
Debt costs have risen sharply, but the inflationary environment has also had an outsized effect on other costs for managers.
Velo Capital, the recently formed group’s credit arm, will target financing opportunities including ‘brown-to-green’ schemes.
The New York-based manager initially targeted $750m for its second fund, snagging capital from institutional and high-net-worth investors.
The Atlanta-based multifamily specialist is bringing aboard a capital raising veteran who previously was a placement agent for 20 years.
Global real estate boss Robert Rackind will be departing the Swiss bank within a month following its merger with UBS.
GCP also plans to launch a new digital infrastructure strategy targeting data centers for external investors later this year.
An operational strategy could unlock return premiums for investors across the risk spectrum, according to a report by law firm Macfarlanes.