The Starwood chairman says New York and other Democrat-controlled areas need a ‘tsunami of change’ if they are to remain attractive to real estate owners.
The Dallas-based private equity firm has moved its head of Asia into a new role and is eliminating 25 positions in the region.
The oversubscribed vehicle attracted commitments from institutional investors and high-net-worth individuals alike betting on a hospitality comeback.
While the New York-based investment manager has been able to deploy its funds rapidly, other groups have not found the opportunity set they expected.
The Miami Beach-based private investment firm will be the third private real estate manager to amass double-digit billions for a single property fund.
With the pandemic opening up secondary opportunities, the Los Angeles-based firm went on a performing loan buying spree for its $650m strategy.
Inflation fears are back but mitigating forces should not be underestimated, says Jose Luis Pellicer, head of investment strategy and research at M&G Real Estate.
Is now the time for private real estate investors to generate returns in retail property and, if so, how should they go about it?