real estate

Partners Group Real Estate Opportunities 2019 will target secondaries and direct opportunities.

Melissa Ackermann, who joined investment firm Multiplicity Partners in June, discusses the opportunities in out-of-favour real estate secondaries deals.

Melissa Ackermann will bolster Multiplicity’s deal-sourcing activities in the asset class.

The firm entered the real estate secondaries market in 2017, bringing in Deutsche Bank's Scott Koenig to lead the build-out.

The bank’s real assets asset management arm has completed the recapitalisation of Avanath Capital Management’s 2010-vintage fund.

The fund's predecessor, the 2016-vintage, $894m Vintage Real Estate Partners, had achieved net IRR of 35.9% as of 31 December.

Sarah Schwarzschild, partner and head of secondaries at Metropolitan, Carlyle's real estate platform, shares her thoughts on balancing professional progression with raising a family.

The lower-risk nature of real estate exposure means sellers are less likely to opportunistically bring $1bn-plus portfolios to market.

The promotions of Jarrett Vitulli and Rodney Reid bring the total number of partners within the private capital advisory group to three.

Stakes in real estate vehicles accounted for 7% of total deal volume last year, according to advisor Greenhill.