November 2015 Issue
US Roundtable: View from the top
Creating alpha in the lofty part of the US real estate cycle is far from simple, but investors are finding multiple ways to do it.
DECONSTRUCTED: Treat this imposter just the same
When a certain Japanese ‘KKR’ asks to take a look at your investment strategy, fund managers would be wise to show them.
COMMENTARY: Time for an upgrade
With many in the industry still using outdated technology, private equity real estate firms may have hard time keeping up with investor demands, says Rick Schwartz, senior vice president at Argus Software, an Altus Group subsidiary.
INTERVIEW: Supporting act
Hodes Weill, which has helped to raise capital for some of the best known real estate investment managers over the years, is now seeking to provide capital to the managers themselves.
ASIA GUEST COMMENTARY: Stay close, stay consistent, do homework
In order for non-Asian sovereign wealth funds to succeed in the region’s private real estate marketplace, three rules should be followed, writes Ruslan Alakbarov, head of real estate at the State Oil Fund of the Republic of Azerbaijan.
PEOPLE: Slow road to $2bn
TPG spent more than 18 months gathering commitments for its maiden commingled fund.
EDITOR LETTER: Seeing what sticks
Throw enough mud at the wall, some of it will stick. The old phrase resonates in today’s private real estate marketplace if some of the things we saw in the last month are anything to go by.
DEALS: Sharing the spoils
Brookfield is understood to be syndicating some of the equity in its €1.4 billion capture of a trophy portfolio in Berlin’s Potsdamer Platz.
If These Walls Could Talk: Seoul’s barometer transaction
Given its occupational and political issues, the sale of AIG Real Estate’s International Finance Center in Seoul constitutes something of a litmus test for the Korean market.
DECONSTRUCTED: Office opulence
Gold toilets, a marble staircase and restaurant dining are available at a newly refurbished office in the heart of London’s West End – if you can afford it
NEWS ANALYSIS: Niche no more
A recent merger involving two private equity real estate firms is part of a larger drive to make single-family rentals less of a niche industry.
SPECIAL REPORT: Messe en masse
It was a case of more money, more problems, according to sector practitioners PERE caught up with last month at the annual EXPO REAL conference in Munich. And yet a throng of capital is still wanting in.
RESEARCH & ANALYTICS: Looking beyond targets
With private equity real estate funds increasingly hitting their capital raising targets, there are micro-trends to examine within that success.
PEOPLE: Man of the moment: David Pahl
The longtime Prudential executive is expanding GTIS’ forays into commercial real estate with European investors.
PEOPLE: Man of the moment: Francois Trausch
The Asia-Pacific CEO of GE Capital Real Estate will be leading the real estate arm of German insurance powerhouse Allianz next year.
GUEST COMMENTARY: Late cycle investing
Investors have been wary of real estate reaching a market zenith, but they need to understand that there is not one real estate cycle, but three, says Jacques Gordon, global strategist at LaSalle Investment Management
DEALS: It’s complicated
Ping An’s new logistics joint venture shows that first-time investors in the US aren’t shying away from complex deals.
DEALS: Going logistic
To get its latest fund over the line, Peakside Capital needed to revise its geographical purview.
FUNDS: Geography revision
To get its latest fund over the line, Peakside Capital needed to revise its geographical purview.
NEWS ANALYSIS: Finding your angle
It’s become much harder nowadays to invest in European core real estate using a straightforward approach. One needs to come up with an angle.
DECONSTRUCTED: Dealing in singles
A group of veteran executives is reportedly launching the world’s first securities exchange dedicated to trading stakes in single commercial property assets
DEALS: Different type of parent
The Townsend Group’s new majority owner signals a new direction for the Cleveland, Ohio-based real assets consulting firm.
BLUEPRINT: Curse of charisma
Despite a growing reputation for successfully investing his RECAP opportunity funds via an array of unorthodox strategies, Thai-entrepreneur Suchad Chiaranussati tells PERE’s Arshiya Khullar he’s keen to demonstrate his firm’s conservative side.
ASIA VIEW: The selling season
What’s driving the unusually high number of direct property sales and portfolio exits in Australia? It’s not what you expect.
ASIA NEWS: Putting the brakes on
China’s economic woes are starting to stem the flow of outbound property investments from the country
ASIA NEWS: Doubling down on logistics
With its latest property vehicle, the Singapore-based logistics fund manager is betting on rising investor demand for industrial properties in Japan
ASIA NEWS: Against the current
About €700 million in commitments from Germany’s BVK have come at a low point for Asian capital raising