The New York-based private equity firm’s KREST could democratize access to institutional real estate through a number of ‘investor-friendly’ features.
PERE’s latest ranking of the largest real estate debt fund managers shows covid-19 has been no obstacle for the asset class.
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 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.
Historically, real estate has performed well when prices rise, but the pandemic era raises unique questions and challenges.
With the pandemic opening up secondary opportunities, the Los Angeles-based firm went on a performing loan buying spree for its $650m strategy.
With the pandemic opening up secondary opportunities, the Los Angeles-based firm went on a performing loan buying spree for its $650m strategy.
James Jacobs, head of real estate for Lazard’s private capital advisory group, says the easing of restrictions on both sides of the Atlantic is changing institutions’ appetite for risk.
The real estate manager has hired Isabelle Brennan from M&G and Michelle Liu from CIT to expand its debt platforms on both sides of the Atlantic.