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The National Council of Real Estate Investment Fiduciaries (NCREIF) released third quarter 2025 results for the NCREIF Fund Index – Open-end Diversified Core Equity (NFI-ODCE). The NFI-ODCE consists of 25 funds totaling $277 billion of gross real estate assets and $228.2 billion of net real estate assets.

The New York State Teachers Retirement System (NYSTRS) has committed $150 million to Starwood Capital alongside a $1.5 billion recommendation of its 2026 real estate pacing plan, according to meeting materials from Oct. 30.

Global real estate investment manager BGO has raised $260 million in its Data Center Co-Investment fundraise, which was established in connection to its U.S. Industrial Strategies I fund. Combined with this co-investment, the inaugural fundraise for the firm’s closed-end strategy totaled approximately $800 million, with a projected gross asset value of $2.4 billion.

Industrial real estate isn’t moving in one direction anymore. While big-box industrial is dealing with rising vacancies and soft demand, small-bay industrial is outperforming across several metrics. That’s the central takeaway from the newly released Q3 2025 Light Industrial Market Update by BKM Capital Partners (BKM), a vertically integrated institutional fund manager specializing in multi-tenant light industrial real estate.

Sagard Real Estate has acquired a 260,989-square-foot industrial facility in San Leandro, Calif., within the Oakland–East Bay industrial corridor.

Bridge Investment Group Holdings has completed fundraising for Bridge Debt Strategies Fund V (BDS V), raising $2.15 billion in equity commitments.

Goodman Group has acquired a 45.8-acre infill property strategically located in San Jose – the epicenter of Silicon Valley and the world’s fifth-largest data center market.

Warburg Pincus and Madison International Realty have formed a $300 million strategic investment partnership.

Institutional investors are responsible for managing large pools of capital on behalf of beneficiaries who rely on them for long-term financial security. Pension funds, endowments, foundations and insurance companies operate under a fiduciary obligation to produce strong risk-adjusted returns with discipline, transparency and efficiency. The challenge is that markets move faster than ever, data volume keeps growing, and stakeholders expect real-time reporting. To keep up, institutional investors need to treat technology not as an optional upgrade, but as critical investment infrastructure that powers better decisions and better performance.

Alterra IOS has closed a $150 million loan facility from funds managed by Blue Owl Capital.

Artificial intelligence (AI) in commercial real estate is entering a new phase, moving beyond early explorations and toward targeted, high‑impact use cases that aim to redefine value. JLL's 2025 Global Real Estate Technology Survey, of 1,500-plus senior commercial real estate investor and occupier decision-makers across 16 markets and various industries, reveals while maturity remains low, organizations are prioritizing AI in their real estate technology budgets and piloting projects that go well beyond individual productivity use cases.

EQT Real Estate Logistics Value Fund VI and EQT Real Estate Industrial Core-Plus Fund IV have acquired an 11-building.

Centerbridge Partners and Reframe Holdings have formed a programmatic joint venture. Including leverage, the venture will be positioned to aggregate and own more than $500 million of self-storage facilities across the United States.

Greystar has held a final close for its Greystar Credit Opportunities Fund II (GO II), the firm’s second dedicated closed-end credit vehicle.

SROA Capital (SROA), a vertically integrated real estate investment and technology firm specializing in self-storage, has held a final closing for its SROA Capital Fund IX, LP, together with its parallel vehicles, (Fund IX).

The National Council of Real Estate Investment Fiduciaries (NCREIF) has released third quarter 2025 results for the NCREIF Property Index.

The Pennsylvania Public School Employees’ Retirement System (PSERS) has committed $90 million to Graceada Partners Fund IV.

The Teachers’ Retirement System of the State of Illinois (TRS) has reported a notable increase in its funded status for the fiscal year ending June 30, 2025, marking the fifth consecutive year of improvement.

The New York State Common Retirement Fund (NYSCRF) has committed $810 million to four real estate vehicles in August, according to recently released meeting materials.

The San Joaquin County (Calif.) Employees’ Retirement Association (SJCERA) has set its real estate pacing plan at $130 million for 2026, according to meeting materials from Oct. 15.