Investors | Dec 15, 2023 Washington University in St. Louis posts -2.3% return for fiscal year by Lewis Dayton The Washington University Investment Management Co. (WUIMC), which manages the Managed Endowment Pool (MEP) for Washington University, reported a –2.3 percent return for the fiscal year that ended on June 30, 2023, underperforming the Global 70/30 Stock/Bond benchmark of 10.8 percent.
Research | Dec 15, 2023 PGIM Real Estate’s 2024 outlook for Asia Pacific by Lewis Dayton Real estate returns in Asia Pacific should start to recover in 2024 as capital values stabilize and income returns prove resilient, says PGIM Real Estate in its 2024 Real Estate Outlook for the region. However, the degree of recovery will vary market to market.
People | Dec 15, 2023 Davis Cos. appoints Jon Needham as senior vice president of asset management by Released Jon Needham will join The Davis Cos.
Research | Dec 14, 2023 Proptech usage to grow in Saudi Arabia by Jennifer Molloy The Kingdom of Saudi Arabia has seen huge transformation in the past 20 to 30 years and continues to evolve and develop materially across most indicators, according to The Foundations of Growth: Proptech in Saudi Arabia, a recent report from The Proptech Connection.
Investors | Dec 14, 2023 State of Illinois to contribute $6.2b to TRS Illinois for fiscal year 2025 by Released The Teachers’ Retirement System of the State of Illinois’ (TRS) Board of Trustees certified a $6.2 billion state government contribution for the System in fiscal year 2025 during its December Board meeting. The state contribution is a 2.7 percent increase over the state’s $6.04 billion contribution for the current fiscal year.
Investors | Dec 14, 2023 Pennsylvania Employees commits $100m to Ares U.S. real estate fund by Lewis Dayton The Pennsylvania State Employees’ Retirement System (PennSERS) has committed $100 million to Ares U.S. Real Estate Opportunity Fund (AUSREOF) IV.
Investors | Dec 14, 2023 Indiana Retirement commits $100m to Ambrose Co-Investment Fund by Lewis Dayton The Indiana Public Retirement System (INPRS) has committed $100 million to Ambrose Co-Investment Fund, a co-investment opportunity made alongside Ambrose Fund IV.
Other | Dec 14, 2023 Fed holds rates steady and indicates series of cuts in 2024 by Lewis Dayton With the economy moderating, the labor market balancing and inflation easing, the Federal Reserve decided to maintain the federal funds rate at between 5.25 percent to 5.5 percent and indicated that multiple rate cuts could be coming in 2024.
Investors | Dec 14, 2023 Wisconsin Investment Board commits $200m to real estate funds by Lewis Dayton The State of Wisconsin Investment Board (SWIB) has committed $100 million to Berkshire Bridge Loan Investors-MF1 III (BBLI III) and $50 million to SRP Data Center Fund I, with a $50 million co-investment to Stream Data Center Fund I Co-Invest.
People | Dec 14, 2023 Juniper Square appoints Kathie Jones as CFO by Released Juniper Square has announced the hire of Kathie Jones as CFO.
Investors | Dec 14, 2023 Barings: 2024 outlook — Global real estate by Andrea Zander Barings hosted a panel of its regional heads to discuss the prospects for real estate debt and equity markets for 2024.
Research | Dec 14, 2023 Newer premium office buildings in Asia Pacific are better positioned to build an ESG-compliant portfolio in 2024 by Released In Asia Pacific, newer premium office buildings are well-positioned to meet the rising demand for the “flight-to-quality” and “flight-to-green” trends, as companies seek quality workspaces to attract top talent, as outlined in Knight Frank’s Horizon: Asia-Pacific Tomorrow report.
Investors | Dec 14, 2023 Q&A: Wolfson Development Co. discusses BTR’s role in addressing housing challenges by Andrea Zander The single-family build-to-rent (BTR) sector will play a role in addressing the shortage of housing in the United States. Adam Wolfson, CEO and CIO at Wolfson Development Co., shares his thoughts on the demand for rental properties, the benefits of the BTR sector, its role in addressing housing challenges, and future trends in the market.
Research | Dec 14, 2023 U.K. hotel trading performance in 2023 defies expectations, with profits largely exceeding pre-pandemic levels by Released The U.K. hotel market has recorded another year of strong trading performance.
People | Dec 13, 2023 PIMCO names Mohit Mittal CIO – core strategies by Lewis Dayton PIMCO announced that Mohit Mittal has been named CIO – core strategies. Prior to the appointment, Mittal was a managing director and portfolio manager at PIMCO.
Transactions | Dec 13, 2023 Harrison Street, Artisa Group form JV, make first acquisition in Italy by Released Harrison Street has formed a joint venture with Artisa Group, an international real estate development company active in the Swiss and European markets.
Research | Dec 13, 2023 CenterSquare: REITs on the rise for 2024 by Andrea Zander REITs may maintain their recent upward momentum despite prevailing market uncertainties as we head into 2024.
Investors | Dec 13, 2023 Investor views on emerging Asia by Jennifer Molloy Investment in emerging Asia was addressed in a recent virtual roundtable with institutional investors, consultants and investment managers. The in-depth strategy session, hosted by Institutional Real Estate, Inc., was moderated by Reno Sio, managing director, Asia Pacific, at IREI.
Research | Dec 13, 2023 Hines publishes 2024 global investment outlook: Disciplined capital, prospects ahead by Released Hines, a global real estate investment, development, and property manager, has released its 2024 global investment outlook report: Disciplined Capital, Prospects Ahead.
People | Dec 13, 2023 John Saunders to leave BlackRock, Hamish MacDonald to succeed as head of APAC real estate equity by Andrea Zander After 16 years with BlackRock, John Saunders has plans to leave the firm as the head of APAC real estate equity and take on a senior role with a real estate company in APAC, effective in February 2024.
