PERE

🏢 Ares closes $5.4bn across US and European value-add real estate funds Ares Management has hit final close on two flagship vehicles, with its US fund alone reaching $3.5bn in total commitments - its largest closed-end real estate fund to date. The scale-up is notable. The US strategy has nearly doubled its previous vintage, while the European vehicle also surpassed its predecessor, reflecting sustained investor appetite for value-add exposure across regions. Both funds drew capital from a global LP base spanning pensions, sovereign wealth funds and insurers, underlining broad institutional alignment around timing the recovery cycle. Read more: https://okt.to/jnEae7 #RealEstate #PrivateMarkets

This week on The PERE Podcast, PERE Deals reporter McKenna Leavens is joined by PERE Credit deputy editor Randy Plavajka and PEI’s editor-in-chief, real estate, Jonathan Brasse to examine the outlook for interest rates as global real estate markets respond to central bank guidance and mounting macroeconomic pressure linked to the war in Iran. Leavens also speaks with Brian Klinksiek, global head of research at LaSalle Investment Management, about what lies ahead for interest rates as the potential for further strain across global real estate capital markets continues to build. Listen here: https://okt.to/Cyuadn Subscribe to The PERE Podcast Spotify: https://okt.to/V8uhlt Apple: https://okt.to/uq7OVN #PERE

🧠 AI is no longer just a data centre story for real estate Investors are now reassessing entire portfolios as the technology reshapes demand, risk and opportunity across sectors. From offices and retail to student housing and healthcare, AI is introducing a new layer of complexity to underwriting and asset allocation. Institutional investors like APG are already shifting exposure, increasing residential while reducing retail and maintaining minimal office weighting, as job displacement and tenant risk come into sharper focus. Read the full analysis: https://okt.to/gQOaBC #RealEstate #PrivateMarkets

🌍 Norinchukin Bank is doubling down on value-add real estate to navigate a shifting rate environment The Japanese investor is allocating up to $200m to overseas real estate in 2026, pivoting toward smaller, diversified fund commitments to strengthen resilience Norinchukin Bank is reshaping its global real estate strategy as interest rate volatility and currency costs challenge traditional core investing. After historically writing $100m+ tickets into sector-specific funds, the bank is now targeting $20m–$30m commitments across multi-sector vehicles in the US and Europe. The shift reflects a broader push toward diversification and more flexible return drivers. Read the full analysis: https://okt.to/Ui2V5t #RealEstate #PrivateMarkets Christie Ou

Liquidity is starting to flow again in European real estate credit markets 📈 In this episode of The PERE Podcast, Isabelle Brennann, Senior Managing Director at LaSalle Investment Management, and Christian Janssen, Managing Director and Head of Real Estate Debt for Europe at Nuveen, a TIAA company, unpack what is changing and where the opportunity is opening up for private credit providers. Key themes discussed 🎧 🔹 Why the setup now supports more borrowing tied to new transactions, not only refinancings 🔹 How back leverage is being used more as loan on loan pricing comes down, helping debt funds target more equity like returns 🔹 Why macro uncertainty stalled activity briefly in 2025, before a late year surge that has carried into 2026 Listen here: https://okt.to/gesBky

If you are investing in Japan or Korea this year, this is the room you cannot afford to miss. 400+ global investors and fund managers. 1:1 LP to GP ratio. Two forums. One week. Across PERE Japan Korea Week, join the conversations shaping where capital is actually moving in 2026. From private credit and data centres to cross border deployment and opportunities across the region. Be in the room with leaders from: APG Asset Management, DBJ Asset Management Co., Ltd, GIC , Tokio Marine Asset Management Co., Ltd. and more. 📍Seoul, 2 June 📍Tokyo, 4-5 June ⏳Book by April 24 to save $300+ Fund Managers, secure your place: https://okt.to/zvAkyh Investors, apply for a complimentary pass: Seoul - https://okt.to/hU0Ol6 Tokyo - https://okt.to/x2WadM

🏆 Weave Living wins Residential Investor of the Year: Asia-Pacific. In our Q&A, founder, chairman and CEO Sachin Doshi explains why vertically integrated rental housing platforms are resonating with allocators, adding: “we have a very good understanding of investor needs and tenant needs, so being able to marry those two has been the key to our success.” Get the full insights here: https://okt.to/fwend7 #PEREAwards #Living

🏆 Stephen Gaitanos wins Industry Figure of the Year: Asia-Pacific. In our Q&A with the The Living Company co-founder, he explains how the platform is being built for repeatability across markets, saying: “Our platform has been deliberately built to be exportable,” with an emphasis on experience-led real estate, operational excellence and long-term capital alignment. Get the full insights here: https://okt.to/fZi3uS #PEREAwards #AsiaPacific

📊 Capital is moving again in private real estate but not where it used to Liquidity is returning, yet reallocations are breaking from traditional patterns as investors rethink risk, structure and strategy At MIPIM, a clear theme emerged: capital is being deployed more selectively and more creatively across the risk spectrum. Core investors are edging into core-plus to drive returns post-repricing, with a growing emphasis on operational expertise over financial engineering. At the same time, value-add appetite remains fragmented, often concentrated in club deals and private wealth rather than broad institutional mandates. Read the full analysis: https://okt.to/q0NvE1 #PrivateRealEstate #CapitalFlows

🏆 Blue Owl Capital wins Retail Investor of the Year, Data Center Firm of the Year, and Net Lease Investor of the Year, Global. Marc Zahr, co-president and global head of real assets, explains what it takes to run three strategies through volatility, noting that “scaling three real assets strategies amid macro volatility required focus, discipline and a fiduciary mindset,” backed by selectivity and downside protection across the platform. Get the full insights here: https://okt.to/Wet5b0 #PEREAwards #RealAssets