Coronavirus

The Canadian pension investment corporation has closed on a $421m development joint venture with a Florida-based apartment developer and operator.

Suspensions and redemptions for many open-end property funds have reignited debate over the product’s viability for the private real estate sector.

With $4.5trn of stimulus, the CARES Act and Federal Reserve are propping up US commercial real estate, but for how long?

The Dutch pension fund was a first-time investor with the Boston-based private equity real estate firm, which raised 25% of the vehicle’s capital from Europe.

The forces assailing the market are not undermining its long-term potential, though they are hastening widespread structural changes.

The New York-based manager’s €9.8bn closing for its BREP Europe VI fund sees it stay equity-rich as new opportunities emerge from the crisis.

The country’s super funds are reporting reduced valuations as they seek to understand the potential impact of the coronavirus crisis on their portfolios.

A measure to allow some borrowers to request forbearance from special servicers could hinder new loan originations, said a Real Capital Analytics executive.

The firm has halted trading for both incoming capital and withdrawals in response to the coronavirus pandemic.

Due diligence was conducted remotely through video conferences for investors who came in after the outbreak of the pandemic.