real estate

The advisory firm expects a surge in manager-led recaps to avoid forced sales or to hang on to promising assets for a longer duration.

AIMCO invested €400m of equity in the deal centered around Aurelis Real Estate, a leading Germany-based light industrial real estate company.

West coast-based Margaret McKnight had left the Carlyle Group real estate subsidiary in September last year after nearly 14 years.

The asset management giant's chief executive has said the strategy is a 'meaningful extension' for the firm.

The pandemic may not have triggered a wave of secondaries buying opportunities, but the effects of the coronavirus are manifesting themselves in subtle and significant ways.

StepStone Real Estate Partners IV, which has been in market since April last year, raised twice as much as its predecessor to invest in complex secondaries deals.

The average high bid for buyout funds surpassed 90% of NAV in the three months to end-August, according to data from the intermediary.

High amounts of dry powder, new entrants such as Brookfield Asset Management and a pressing need to extend fund lives could result in the real estate market bouncing back this year.

The investment comes from Goldman's Vintage Real Estate Partners II, which closed in May on $2.75bn.

The coronavirus crisis has accelerated the transformation of real estate secondaries and presented tangible opportunities for buyers with the right information.