Investors

CalSTRS’ head of private markets pushed for big changes during his 20-plus years at one of the world’s largest property investors. He is not done pushing yet.

Indonesia’s first and only sovereign wealth fund expects to expand its real estate allocation to 15% over the next five years.

At the PERE Network Asia Summit, the sovereign fund's global head of real estate said elevated rates had made the sector less competitive. 

Investors may be amenable to investment period extensions in today’s climate, but lengthening the fund term could have more serious implications.

The Hong Kong-based firm has received an initial commitment of more than $400m from an anchor investor in the fund.

Most assets need an additional 15-20% in reserves to address refinancing issues, according to the advisory firm’s co-founder.

Although institutional investors are showing renewed optimism about real estate, retail investors remain cautious.

The outlook for 2024 stands in stark contrast to 2023 as institutional appetite for real estate picks up, says James Jacobs, head of real assets for Lazard’s private capital advisory group.

AXA IM Alts prepares to buy the iconic British film and television studios from the BBC in a sale-leaseback.

Investors are hurting from the poor performance of real estate, but this has not diminished their appetite for fresh investments.