Europe

The high-profile departure comes two years after the New York-based investment bank’s reorganization of its property businesses.

James Jacobs, head of real estate for Lazard’s private capital advisory group, says the easing of restrictions on both sides of the Atlantic is changing institutions’ appetite for risk.

Starwood now expects less troubled deal flow to emerge in the non-performing-loan space from the current pandemic crisis than it did before. But that should not worry investors which committed to its latest ‘distressed’ fund.

The Miami Beach-based private investment firm will be the third private real estate manager to amass double-digit billions for a single property fund.

Large pools of capital have been raised for distressed strategies, but thanks to government support schemes, finding a home for it is proving a challenge.

Ending government forbearance, inflation fears and heated marketplaces were top discussions items during affiliate title PERE’s first all-virtual Global Summit.

Is now the time for private real estate investors to generate returns in retail property and, if so, how should they go about it?

Inflation fears are back but mitigating forces should not be underestimated, says Jose Luis Pellicer, head of investment strategy and research at M&G Real Estate.

PERE hears from an investor in each major region about what real estate debt means to their respective organization.