The PERE Podcast

For the year’s first episode of  The PERE Podcast , the team lays out some of the major themes likely to impact the private equity real estate market over the next 12 months.   Join co-host Lucy Scott, PERE editor Evelyn Lee and PEI real estate editor-in-chief Jonathan Brasse as they look at how geopolitical turbulence continues to unsettle the real estate industry as its re-opens after the holida...

For the year’s final episode of  The PERE Podcast  – and the second installment of our two-part year-end series – the team is closing out 2025 with a look back at the investors, managers and themes that reshaped the private equity real estate market over the last 12 months.   Co-host McKenna Leavens is joined by PERE editor Evelyn Lee and PERE Deals editor Guelda Voien to unpack the biggest storie...

As the year draws to a close, we will spend the next two weeks breaking down the top private real estate headlines from 2025, as well as the trends that defined market activity. Next week, equity is in the spotlight. This week, the team is zeroing-in on debt, the engine room of the industry. Lucy Scott sits down with PEI real estate debt gurus Daniel Cunningham, editor of Real Estate Capital Europ...

Lending activity is ramping up in European real estate markets amid rising appetite from banks and alternative lenders alike – even as a limited number of investment deals to finance creates intense competition for opportunities. That is just one of the takeaways from affiliate title Real Estate Capital Europe’s annual Active Lenders report, an exclusive compendium of 64 of the continent’s busiest...

This episode discusses ICG’s retrenchment from Asia, following a line of western managers doing the same. We also speak to Gaw Capital, chairman of Goodwin Gaw, about his views on the current trend and the firm’s own renewed focus on the region. Last week, PERE revealed plans by  Intermediate Capital Group   to shut down its Asia real estate business . The London-based firm, which manages approxim...

Transaction activity has at last been picking up in the private real estate market after a multi-year slowdown. But one area that has stayed consistently busy has been the dealmaking environment for property fund managers themselves. A string of deals dating back to last year has seen fundraisers band together to boost their assets under management, diversify their client offerings and seek to cap...

This episode is sponsored by Manulife Investment Management As new industries evolve and accelerate, new opportunities are constantly arising for institutional investors in the private real assets space. It isn’t always easy, however, for managers to grasp hold of these opportunities. As assets like data centers have become investable in recent years, managers have found that they need to devote t...

A recurring theme in real estate private equity this year has been the proliferation of capital into so-called “niche” or alternative property types beyond the traditionally institutionalized sectors such as office, retail, industrial, multifamily residential or hotels. But while much attention has been paid to the emergence of segments including data centers, student accommodations or outdoor sto...

In this episode, host McKenna Leavens sits down with Jonathan Brasse, PERE editor-in-chief, and Evelyn Lee, PERE editor, to unpack the optimism circulating at PERE Network’s 20th annual America Forum, held earlier this week in New York City. The flagship event brought together a record-breaking number of industry leaders and investors across the private real estate landscape. “Palpable optimism” i...

In this episode, host Greg Dool sits down with Jonathan Brasse, PERE's real estate editor-in-chief, for a deep dive into one of the biggest forces transforming the private markets landscape: manager consolidation. The discussion explores why private market managers across asset classes are acquiring or partnering with other businesses in a bid to scale up, and what that means for investors and the...

In this special episode, the team explores how synthetic risk transfers, a financial tool used by banks to help them free up capacity for more lending, are growing in real estate. Join Real Estate Capital Europe editor Daniel Cunningham and deputy editor Lucy Scott as they discuss why an increasing number of real estate lenders – and real estate managers – are engaging in SRT trades, a topic also...

A multi-year slowdown in private real estate has prompted institutional investors to cut their average target allocation to the asset class for the first time in more than a decade. Is it merely a short-term setback for property fund managers, or a sign of a broader shift within institutional portfolios? The historic reversal reported by Hodes Weill & Associates this week comes after the capit...

This episode is sponsored by Bravo Capital The lending landscape is shifting, and private credit is taking center stage. In this episode, Bravo Capital founder and CEO Aaron Krawitz discusses how his firm is navigating a market defined by bank pullbacks, rising regulation and persistent demand for rental housing. Krawitz outlines where opportunities are emerging: ground-up multifamily construction...

Blackstone emerged last month as the winner of a year-long takeover battle for UK industrial landlord Warehouse REIT after knocking out rival suitor Tritax Big Box with a £489 million ($656 million; €562 million) bid. But as it turns out, that was not the end of the Blackstone-Tritax saga. In a surprise twist this week, the rivals became partners when Blackstone announced an agreement to sell a £1...

PERE and its affiliate Real Estate Capital Europe were on the ground at Expo Real in Munich this week, hosting panel discussions and holding more than a hundred meetings with senior executives from across the private real estate market. So this week, The PERE Podcast brings you an informed dispatch on one of the biggest talking points of the week: Europe’s rising prospects, based on an anticipated...

The release of PERE’s annual Global Investor 100 ranking of private real estate’s top allocators comes with a somber headline for asset managers: For the first time in the ranking’s history, the world’s top 100 property investors saw their total allocation to the asset class decline from the year before. But that is far from the only intriguing takeaway from this year’s list. On this episode, we t...

This episode is sponsored by Cain International and Arrow Global After several years defined by rising rates and pricing uncertainty, Europe’s property market may be at an inflection point. Jay Patel, managing director at Arrow Global, and Arvi Luoma, who heads Cain International’s European investment committee, share perspectives on how capital is rebalancing toward the continent in this special...

In this episode, the editorial team spotlights rising ambitions in real estate debt following news that QuadReal, the property arm of British Columbia’s public-sector pension scheme, plans to deploy £2.5 billion ($3.3 billion; €2.9 billion) into European real estate credit in the next five years through a newly launched direct lending platform. By the end of 2029, QuadReal aims to have between 10...

The private real estate market got a boost last week when the US Federal Reserve lowered its benchmark policy rate for the first time in nine months. It is a welcome shift for a property sector that has spent three years grappling with the consequences of higher-for-longer interest rates. But what are the immediate effects of a return to rate-cutting, and how does it alter forecasts for capital de...

In this episode, Patron Capital founder Keith Breslauer says the firm’s sale of a majority stake to Mitsubishi Estate Global Partners should be seen as a springboard for growth rather than an exit. Breslauer sat down with PERE’s Jonathan Brasse in August following the headline-grabbing sale of the Europe-focused firm to Mitsubishi Estate Global Partners, the investment management business of Japan...

This week, The PERE Podcast breaks down the revelation that banking giant Morgan Stanley ’s real estate arm has amassed a $900 million fund specifically targeting Japan’s real estate sector. The capital raise is notable not just for its size, which greatly exceeded its target of around $500 million, but for the strategic approach it represents as Morgan Stanley’s first country-specific real estate...

Offices are back in the spotlight this week on both sides of the Atlantic, and this episode explores some of the reasons behind the sector’s newfound momentum in both investor interest and lender appetite. Join host Greg Dool, Real Estate Capital Europe editor Daniel Cunningham and PERE Deals reporter McKenna Leavens as they discuss the latest developments, including Norges Bank Investment Managem...

This episode is sponsored by Arrow Global Germany’s property market is facing the highest insolvency rate in Europe. Years of cheap credit and rising prices encouraged aggressive development, but when interest rates jumped, buyers paused, sales collapsed and projects ran out of cash. The result: a wave of bankruptcies across the sector. However, in this episode, CEO of Arrow Global Germany Bernhar...

Blackstone is emerging as the victor of a months-long tussle for control of UK-listed investment trust Warehouse REIT – just the latest publicly traded industrial real estate firm to be snatched up by private equity over the past year. Indeed, private asset managers have been on a public-market tear in the sector, from Brookfield’s pursuit of UK warehouse owner Tritax EuroBox, to Starwood and Sixt...

London-based asset managers Legal & General and Federated Hermes announced on Monday that the Federated Hermes Property Unit Trust had merged into the L&G Managed Property Fund, creating a single platform with a value of £4.7 billion ($6.3 billion; €5.3 billion). In this episode, the editorial team digs into the details of this story, which involves two of the oldest and largest open-ended...