July / August 2017 Issue
AMERICAS NEWS: What comes around
A portfolio of single-family rental homes has come full circle via Colony Starwood’s planned purchase of a 3,106-home portfolio from San Francisco-based alternatives investor GI Partners for $815 million.
FUND FINANCE GC: The view from Asia
Subscription lines are a key part of the toolkit for Phoenix Property Investors, say Benjamin Lee, co-founder of the Hong Kong-based private equity real estate firm, and Christopher Ip, its chief financial officer
IF THESE WALLS: The rightful heir
Australia Post’s planned sale of Sydney’s General Post Office is mired in controversy over its choice of new owner.
AMERICAS NEWS: Readying a hit
Brookfield is raising the largest private equity real estate fund in market.
FUND FINANCE SPECIAL: Potentially short changed
We know subscription credit lines can boost IRRs and dampen money multiples, but what does that look like in practice? Advisory firm TorreyCove Capital Partners models it out
BLUEPRINT: Of chief concern
With private real estate markets reaching cyclical peaks and institutional appetite for the asset class remaining unabated it is becoming increasingly difficult for the biggest managers in the sector to put capital to work. PERE’s Jonathan Brasse and Jamie Henderson visited the leaders at one such steward, AEW, to discuss the issue
ASIA GUEST COMMENTARY: Mega-trends matter, so don’t ignore them
Property investors and asset managers are only beginning to incorporate demographic and environmental factors into their underwriting, says Paul Guest, lead strategist for real estate and private markets at UBS Asset Management.
STATESIDE: Listed opportunity
The time is right for two major private equity firms to be taking their real estate debt platforms public.
AMERICAS GC: Investing in tomorrow’s tech hubs
STEM job growth has become a key driver of real estate demand in the US, but looking beyond the established markets can pay off, writes Adam Ruggiero, head of real estate research for MetLife Investment Management.
SPECIAL REPORT: Hedgies sound the death knell
Short-selling hedge funds have been making bearish bets on US mall REITs, but some private equity firms view the opportunity in a different way.
AMERICAS NEWS: Goldman loses in Las Vegas
The investment bank is selling ACEP for less than it paid for it.
EUROZONE: Stalking horses
Blackstone’s $12.25bn sale of Logicor to CIC could be the latest example of IPOs being used to drum up business for a sale.
EUROPE NEWS: Woman of the moment: Trish Barrigan
The managing partner of Benson Elliot talks about replacing one of the industry’s most famous names.
EUROPE NEWS: Carlyle’s European reboot
After picking up a portfolio of French logistics assets from Prologis last month, Carlyle has returned to the European market.
EUROPE GUEST COMMENTARY: Finding higher returns in a core market
Even at this advanced stage of the real estate cycle, a value-add investor can perform well in Europe’s core markets, writes Thomas Mueller, fund manager at BlackRock
ASIA NEWS: Cold storage heats up
After a spate of refrigerated logistics deals, Thomas Duffell dissects Asia-Pacific’s latest institutional-grade property investment class.
ASIA NEWS: Bharat gold
India tops sovereign wealth funds’ emerging markets wish-lists.
SPECIAL REPORT: An industry in flux
Whether it be organizational shakeups, a changing client base or increasing competition, the real estate consulting world is going through tumultuous times.
ASIA VIEW: A challenging transition
Chinese developers are again attempting to get into the manager space, but they need to avoid mistakes of the past to ensure success.