Lisa Fu
As GRESB passes the 10-year mark, Lisa Fu puts the industry’s yardstick under the microscope
With SoftBank taking an 80% ownership stake in WeWork, landlords can expect a more creditworthy and stable tenant.
The real estate investment group of the German insurer saw its RE debt assets under management drop from €19.3bn in 2018 to €18.9bn in H1 2019.
The pension fund, among others, is concerned about the additional risks managers in the strategy are taking in order to meet higher return targets.
Tighter regulation of CMBS in the US has created opportunities for those willing to hold riskier bonds for long periods.
Given a family office’s access to long-dated capital, real estate investments seem like a good fit. But management fees continue to be an area of contention.
Growth in the global real estate market was muted across almost all countries in 2018 because of currencies depreciating against the US dollar, according to a July report by MSCI.
A key concern for institutional investors in 2019 is abundant capital in real estate driving down returns and adding more risk, according to the global placement advisory firm Probitas Partners.
SoftBank’s interest in WeWork has waned, prompting questions about what the value is in co-working businesses.
Capital raised for real estate debt funds globally in 2018 fell precipitously after peaking at $39bn the previous year.