Americas Tributes – part II Giving credit where credit is due Last month, I wrote about some of the people who have made major contributions to the development of the Institutional Real Estate, Inc platform since our very beginning in 1987. These included Larry Hull of Larco Advisors, who founded what is now known as the Pacific Pension & Investment Institute; Stephen Tomczak of Stephen Tomczak and Associates; and Paul Sach, one of the founders of RREEF, which continues today as part of DWS.
Americas 2025 multifamily investment: Key considerations for institutional capital As the multifamily sector enters a measured recovery in 2025, institutional investors are reassessing their capital deployment strategies with a renewed sense of caution and opportunity. After a period of market recalibration, many major investment funds that pulled back in 2022 amid aggressive interest rate hikes are now seeking to strategically deploy their dry powder.
Americas Poised to act: Investors are largely satisfied with real estate and look to increase commitments in 2025 Investors are more optimistic about their prospects for capital commitments in 2025 compared with their actual commitments in 2024, according to the 2025 Institutional Real Estate Investor Trends, Institutional Real Estate, Inc.’s annual survey of global investor sentiment. This marks the 29th year of the survey and its 12th year gathering responses from investors globally. For the first time this year, investor respondents were segmented by region for ease of comparison among regional perspectives.
Americas Buckle up: 2025 brings uncertainty to real estate investing, but the ride has opportunities For institutional real estate investors who are engaged in the business of maximizing returns on illiquid assets, any year can be a dicey one — that is, a 12-month stretch in which property values are squeezed but escape hatches shut — and 2025 is certainly no exception.
Americas Evolving landscape: The case for value-added real estate strategy amid macroeconomic and geographical uncertainty Diversification remains the primary rationale for allocating to real estate. However, macroeconomic and geopolitical risks pose significant concerns for global investors in 2025, as highlighted by the ANREV/INREV/PREA Investment Intentions Survey 2025.
Americas Gateway resilience: The case for a sustained comeback in U.S. gateway metros Five years on from the start of the pandemic lockdowns, this article takes stock of where coastal innovation “gateway” metros are in the real estate cycle. Specifically, we highlight the resilience of U.S. gateway metros amid the significant challenges they faced during and after the pandemic.
Americas Investor-REOC partnerships Now may be the ideal time to explore real estate platform investing strategies Recent announcements by Australian Retirement Trust, which plans to invest $1 billion in and with private real estate operating companies (REOCs) through an external manager, and Switzerland’s Partners Group, which is also doing more platform investing, appear to indicate some investors are pursuing variations of platform investing strategies. Given the tough fundraising environment and the resetting of asset valuations, now may be an auspicious time to consider these investment opportunities.
Americas Parallel performance: Public and private real estate returns converged over the past decade Somewhat coincidentally — but also possibly a telling data point — total returns for public and private real estate benchmarks — FTSE Nareit All Equity REITs Index (FNER), NCREIF Property Index (NPI) and NCREIF Fund Index – Open-end Diversified Core Equity (NFI-ODCE) — were virtually identical over the past decade. Annual average gross returns for the three major U.S. real estate benchmarks were all between 5.7 percent and 5.9 percent for the 10 years ending in fourth quarter 2024.
Americas Clarion Partners Real Estate Income Fund I enters IOS subsector Franklin Templeton and its specialist investment manager, Clarion Partners, have announced Clarion Partners Real Estate Income Fund’s entry into the industrial outdoor storage (IOS) subsector via a debt investment in an eight-property multi-city portfolio and the purchase of an IOS property in Houston.
Americas Blackstone Real Estate to acquire 6msf industrial portfolio developed by Crow Holdings for $718m Core-plus funds affiliated with Blackstone Real Estate have agreed to acquire a 95 percent stake in an industrial portfolio developed by Crow Holdings for $718 million.
Americas 3650 Capital secures $215m in new investments from CalSTRS, Mubadala 3650 Capital has secured $215 million in new capital commitments from the California State Teachers’ Retirement System (CalSTRS) and Mubadala Investment Company. The new capital will be allocated across 3650’s three investment strategies.
Americas Related Cos. launches data center development and investment platform Related Cos. has launched Related Digital, a vertically integrated data center development and investment platform.
Americas RCG Ventures acquires $1.8b multitenant retail portfolio RCG Ventures has announced the approximately $1.1 billion first close of acquiring a multitenant retail portfolio from Global Net Lease.
Americas Blackstone announces $8b final close for latest real estate debt strategies fund Blackstone has held a final close of its most recent real estate debt fund, Blackstone Real Estate Debt Strategies V (BREDS V), which has approximately $8 billion of total capital commitments.
Americas Pension funds invest in value-added strategy funds Recently several U.S. pension funds have committed to value-added styled funds for their real estate allocations.
Americas Institutional investors pivot to private markets and real assets amid shifting macro trends Institutional investors globally are pivoting to more of a risk-on posture, seeking new opportunities in niche markets as macro conditions shift. Capturing the views of the largest investors in the world with participation of 800 institutions representing $19 trillion in assets under management, Nuveen’s EQuilibrium Global Institutional Investor Survey.
