The New York-based firm has tapped its president and GIC's Americas real estate head for the top roles while parting ways with its current CIO.
Decarbonization is mission-critical for private real estate. But ESG professionals in the industry say they are too stressed and overworked to achieve meaningful change.
The firm has promoted Thorsten Slytå to the new position, which was established in response to growing demand for more direct investment.
Bart Price, the sovereign wealth fund's head of growth markets real assets, will join as chief executive of the platform by early next year, PERE understands.
The appointment comes as the firm plans to more than double its assets under management to $100bn including third-party capital.
The UK manager aims to bring all of its real estate equity and debt strategies into Spain and elsewhere in Europe over the next three years.
Prior to Milan Khatri’s appointment, the firm hired BlackRock’s former head of Asia real estate to run its overall investment business.
The US firm's real estate credit business has previously focused on the US, Europe and Australia.
Amid a new round of promotions, hires and exits, one executive is leaving just months after being promoted to a global co-head role.
The Toronto-based pension giant promoted Randy Hoffman to head of US and Tyler Seaman to head of Canada, among several other moves.