allocation strategy

After its most recent transaction, Harrison Street still has $2bn of dry powder to deploy in healthcare real estate through the coronavirus disruption.

The German insurer will remain active in the asset class but will be reevaluating its underwriting and the types of investments it pursues.

‘In the current situation, it’s really tough to underwrite something,’ Rainer Komenda, the €80bn Bavarian pension investor’s head of real estate funds, tells PERE.

The findings of CBRE’s fourth-quarter capital markets report show a steep decline in entity-level deals in the US last year.

The London-based firm gave a 50% management fee discount to first close investors committing $100 million or more to the vehicle.

Historic low rates are a boon for capital seekers, but institutional investors face newfound uncertainty as lower for longer threatens to become lower forever.

Tim Walsh, the high profile former advisor to the under-allocated and underperforming sovereign wealth fund, advised it to 'stop direct real estate investing immediately' in the name of simplicity. His advice has had little effect.