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Goldman Sachs puts property funds back on the menu amid restructure

The investment bank is plotting a return to the world of private equity real estate fundraising as it merges businesses under its merchant banking arm.

Why one multifamily firm is switching from building to buying

With its latest move, Tricon is switching from development to acquisitions in the US sector.

Asian capital is pulling out of the West: JLL

The region’s real estate investors are curtailing cross-border investments as currency hedging costs rise and yields fall for trophy assets in mature overseas markets, according to the property services firm.

PAG set to close on $2.25bn for its biggest Asia RE fund – Exclusive

The private equity real estate firm is set to surpass its $2bn original target.

Institutions chasing risk at the peak of the cycle

A key concern for institutional investors in 2019 is abundant capital in real estate driving down returns and adding more risk, according to the global placement advisory firm Probitas Partners.

New Mountain targets ‘operationally critical’ assets with oversubscribed net lease fund

New Mountain Capital Partners has closed its debut fund targeting sale-and-leasebacks of industrial assets on $533 million – an over-subscription of more than $180 million. Through the vehicle, New Mountain Net Lease Partners, the firm will look to buy “operationally critical” properties from mid-market private equity-backed companies, Teddy Kaplan, a managing director with the New […]

How Korean investors priced WeWork risk in Dublin

Korean institutional investors have decided the co-working giant’s 20-year tenancy at Dublin’s Charlemont Exchange is worth another 70bps on the city’s prime yield average.

Bespoke open-ended funds offer control over diversification

These vehicles may not be the main core offering yet, but that might change if investors feel they can best control their asset-class exposure and exit timings through them.

Greystar hires Angelo Gordon exec to oversee new funds platform – Exclusive

Terri Herubin will be responsible for the firm’s sector-specific open-ended vehicles in US multifamily and student housing.

Nuveen Real Estate expands open-ended fund series

The global real estate firm’s first core multifamily fund builds on an existing collection of open-ended funds focused on a single property type such as logistics or retail.
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