In this feature, 19 women with diverse backgrounds, and with titles held from a variety of firms within the real estate industry, share their personal and professional experiences for Women’s History Month.
The “denominator effect,” which has forced many institutions to pause new investments, appears to be easing. Yet, institutions remain keenly focused on rebalancing existing real estate portfolios, and they are moving cautiously when it comes to deploying fresh capital.
How do you align the interests of a tax-exempt investor and a taxable investment manager? Bringing them together into the same room to let them network and engage in interesting conversations certainly isn’t the way. (You might be able to break down some of the normal barriers to open communication, but you have done nothing to alter the nature of the relationship dynamics that drive investment outcomes.)
After 18 months of wearing wolf’s clothing, following more than 16 immensely satisfying years as an LP, I candidly admit there have been remarkably few surprises or breathtaking “Aha!” moments of crystal clarity for new discoveries upon participating in how the sausage is made.
While participation in DB pensions in the United States has been on a steady decline, the $8 trillion invested in public and corporate sector DB plans at the end of 2021, representing about 20 percent of the $39 trillion U.S. retirement market, is growing.
The new year is traditionally accompanied by a sense of hope and optimism as we turn the page and look forward. Real estate investors are no doubt eager to put 2023 in the rearview mirror.
The legacy of the 2008 global financial crisis was unprecedented low (even negative) interest rates engineered by central banks and, surprisingly, a steady decline in consumer price inflation rates — rates that remained low in many countries for a decade or more. This combination of events ignited an asset price cycle, especially in real estate markets. The economic legacy of the COVID-19 pandemic (2019–2022) has been almost the reverse — a spike in inflation rates (albeit now moderating) and sharply rising central bank and market interest rates.
Investors remain concerned and cautious as we head into 2024, following more than a year of negative returns and a dearth of liquidity. While visibility on economic growth and interest rates may be improving, a fog still envelops price discovery.
Artificial Intelligence (AI) has garnered a considerable amount of attention in the media within the past few years, ranging from glowing editorials to scare-mongering pieces. The broader public is becoming more aware of the potential applications and implications of the technology that is developing at a tremendous rate.
The aggregate market value of the properties in the NCREIF Property Index declined for the sixth consecutive quarter, and the returns were negative for the fifth consecutive quarter. The market value index declined by 3.74 percent during the fourth quarter and 14.39 percent since the peak in the second quarter 2022.
The challenges facing the commercial real estate industry — rising interest rates, valuation resets, a drop in transaction volume — have begun to affect fundraising activity. Only $14.1 billion was raised by the 17 funds holding a final close in the final quarter of 2023, according to the latest results from Institutional Real Estate, Inc.’s proprietary database, IREI.Q.
Ethan Penner, a pioneer specializing in the real estate, mortgage credit and financial markets, and Chad Carpenter, the founder of Reven Capital, have plans to launch Reven Office REIT, a U.S. office–focused real estate finance company.
More than 40 percent of U.S. and Canadian institutional investors plan to increase allocations to private debt in the next three years, and roughly a third plan to grow their private equity holdings overall.
Almanac Realty Investors, a business unit of Neuberger Berman, has made an additional $300 million capital allocation to CIP Real Estate.
IREI.Q's recent Americas commitments for the March Americas issue.
IREI.Q's recent Americas fundraising efforts for the March Americas issue.
Trammell Crow Co. (TCC) has signed two transactions with AEW.
RXR and Ares Management have partnered to create a $500 million joint venture to buy distressed office properties in New York City.