May 2016 Issue
AMERICAS NEWS: Time to reshuffle
After five years of consistency, MSREI’s leadership team has changed over once again.
AMERICAS NEWS: TPG goes grocery shopping
TPG has teamed up with a real estate investment trust to invest in grocery-anchored strip malls, a niche retail strategy.
AMERICAS NEWS: This year’s BREP VIII
Brookfield’s $9 billion blockbuster fund underlines how consolidation of capital in private equity real estate is not letting up.
BLUEPRINT: The West Coast offense
With its latest step-out strategy, Oaktree’s real estate group continues to forge its own style of investing in the asset class.
EDITOR'S LETTER: The purest measurement
When it comes to assessing the health of a real estate investment management business, there are a few measurements one can take. Returns is one, assets under management is another.
STATESIDE: The other foreign investors
Chinese institutions have received a lot of attention lately, but other foreign capital sources may have a more meaningful impact on US real estate fundraising.
ASIA NEWS: The Dexus aftermath
Dexus’ drawn-out takeover battle for the Investa Office Fund has come to an end, but questions about the future of the A$2.5 billion platform remain.
AMERICAS NEWS: Rethinking leverage
CalPERS has proposed a pilot leverage program for real estate as it considers changes to its real assets platform.
EUROPE NEWS: Man of the moment: Christian Delaire
After resigning from his post as CEO of Generali Real Estate, Christian Delaire is contemplating his next move. By Jamie Henderson
ASIA NEWS: Man of the moment: Christopher Heady
The long-serving executive has steered Blackstone’s Asia business towards becoming one of the region’s most dominant private equity real estate names.
SPECIAL REPORT: Human relations
In spite of market sophistication, much of a fundraising’s success or failure is down to the spark between individuals.
EUROPE NEWS: Heading home
Sweden’s largest occupational pension provider is selling all of its directly held international real estate to focus on its domestic market. By Thomas Duffell
If These Walls Could Talk: Going for gold
A trio of investors created the largest UK private rental housing portfolio through development efforts that include turning former Olympic athlete housing into residential properties.
AMERICAS NEWS: Funds or directs
Institutions spoke in favor of one or the other at a panel at the Global Investor Forum in Los Angeles last month.
AMERICAS GC: Focus on the individual
Gathering large sums of capital from individual investors can be challenging, but some firms are finding ways to do so, says Nancy Lashine, managing partner at Park Madison Partners.
HOT STORY: Curbs to enthusiasm
Anbang’s eventual surrender after bidding aggressively for Starwood Hotels & Resorts has provoked a torrent of negative market sentiment towards Chinese institutional capital
EUROPE NEWS: Battling Goliath
The rise of massive US-sponsored real estate funds in Europe means continental firms must adapt to a new fundraising environment. By Jamie Henderson
ASIA GUEST COMMENTARY: Beyond the headlines
China has its share of real estate opportunities, if one is willing to look past all the recent negative press, says Gregory Wells, head of Asia-Pacific at Forum Partners.
ASIAVIEW: An experiment gone awry?
Property investment in Japan fell to record lows last year. This year won’t be any different if Japan’s negative interest rate experiment continues.
ASIA NEWS: A story of two halves
Some managers are starting to feel confident about investing in China again, but others remain worried about the duality in the country’s economy and property market.
EUROZONE: A slow start
European real estate transaction volumes have looked grim so far this year, but the numbers don’t tell the whole story. By Thomas Duffell