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Low supply, high demand forces new risk profiles and equity staging.
Though the firm is worried about the impact of rising construction costs.
Torchlight Debt Fund VII is the largest US real estate debt fund to be closed this year.
More than 150 delegates gathered at PERE’s first live event since the start of the coronavirus pandemic to hear how repositioning assets will be key to their future resilience. But, currently, there are as many questions as answers as to how to do it.
The firm made an $89m preferred equity investment in a $534m portfolio.
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 oversubscribed vehicle attracted commitments from institutional investors and high-net-worth individuals alike betting on a hospitality comeback.
Is now the time for private real estate investors to generate returns in retail property and, if so, how should they go about it?
More than half of the capital for the California firm’s latest vehicle came from the region, much of it from first-time investors.
Asia-Pacific real estate funds recorded the biggest year-on-year growth in terms of total capital raised in the first half of 2020.

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