REAL ESTATE
Craig Solomon, former CEO of Square Mile, has been named to the new position of CIO and vice chairman of real estate manager Affinius.
The NCREIF Property Index is expected to decrease 5.3% in 2023, but rise 4.5% in 2024, according to a Pension Real Estate Association survey.
Cristiano Stampa was named head of investments, Europe at Invesco Real Estate.
Blackstone's real estate trust hit a monthly redemption limit in January as it continues to wrestle with a line of investors seeking to get money out.
Charles "Chuck" Leitner, CEO of real estate money manager CBRE Investment Management, retired at the end of 2022.
KKR & Co. joined rivals including Blackstone in limiting withdrawals from a real estate investment trust after investors sought to pull out more money.
Redemption requests for retail and institutional open-end real estate funds are on the rise as investors seek rebalancing and to lock in gains.
Yisroel Berg was promoted to chief investment officer-multifamily of Harbor Group International.
QuadReal Property Group took a stake in U.K. real estate development loan company Precis Capital Partners and also committed $1.2 billion for loans.
BlackRock suspended withdrawal requests from investors in its U.K. property fund, highlighting the sector's ongoing challenges.
