The PERE Podcast

The post-covid era and its historically challenged fund vintages have invited greater scrutiny of managers’ track records and particularly their willingness to accept risk. As investors consider allocating more capital into an anticipated market upswing, one metric is increasingly catching their attention.

Loss ratios – in short, the percentage of a fund or manager’s deals that result in losses – have long been tracked as a simple ...

It's difficult to have any conversation about private capital markets today without artificial intelligence adoption or private credit tension coming up. Whether the take is positive, neutral or negative, very real risks are leading more capital partners to look for alternative realms in which to diversify their holdings and line up management partners who excel beyond pure investment activity.

For globally scaled managers in the s...

Consolidation comes for every facet of the real estate landscape at some point, or so the most scaled participants and their acquisition targets often say. 

But in today’s market, specialized managers and their business partners are looking for more than just assets under management when evaluating inorganic growth opportunities. In the case of Chatham Financial's acquisition of Hodes Weill & Associates, broken exclusively last...

The real estate investment management market is coming to terms with its latest hurdle this week. The cost of debt has been on the rise for some time, as select managers have told affiliated PERE titles. And in today’s market, the cost of doing business may now be outweighing borrowers’ ability to keep pace and hold their investment strategies steady heading into this market cycle.

Though the impact to date has been moderate, as hi...

This episode is sponsored by Arrow Global

European hospitality markets have thrived in the post-pandemic period, supported by a surge in international visitor numbers. And the warmer climate of Southern Europe makes countries like Spain, Portugal, Italy and Greece enduringly popular with holidaymakers.

Investment capital has flowed in, driving rapid institutionalization of a market formerly characterized by family-run hotels. South...

In this episode, the team looks at the preliminary findings of PERE's Q1 2026 fundraising report. Listen as host Lucy Scott discusses the trends behind these numbers with PERE senior reporter Christie Ou, Real Estate Capital Europe editor Daniel Cunningham, and PEI research manager Kristina Savcenkova, who worked on the data.

Among the headline themes is that fundraising is down, with managers raising just under $44 billion globall...

In this episode, we explore a trend reshaping the relationship between public and private real estate markets: listed REITs stepping confidently into private capital fundraising.  

While many first-time private managers continue to face an uphill battle in securing commitments, a different cohort is gaining meaningful traction. Last week, data center specialist Digital Realty raised $3.25 billion for its debut private fund, targeti...

The institutional real estate fund management world is taking this market cycle as a moment to recompose itself. And over the last week, a clear theme of reflection has emerged: industrial portfolios will need to be fine-tuned to prepare for a real estate reset over the next five years.

The days of simply buying, financing, holding and selling have long been gone even within the most favorably viewed asset categories. The industria...

This episode is sponsored by LaSalle and Nuveen Real Estate

Liquidity is returning to European real estate credit markets. Growing confidence that interest rates have stabilized and prices have reset is encouraging debt investors to provide a steady flow of capital to sponsors. And that is helping to kickstart transaction activity.

European banks are back with an appetite for new business. That means competition between lenders is ...

The global real estate market has hinged its outlook of resurgence on maintaining relatively stable financing market conditions, but pressure is building up that may force global central banks to hold off on interest rate relief for longer – in turn forcing more stalls on dealmaking.

Select real estate fund managers in the US were predicting anywhere from two to four interest rate cuts by the Federal Reserve in 2026. However, econo...

PERE podcast host Lucy Scott sits down with Real Estate Capital Europe's editor Daniel Cunningham and PERE EMEA editor Charlotte D’Souza to catch-up on the insights from this year’s MIPIM conference in Cannes.

Join the team as they discuss how the US and Israel war on Iran – which was into its 11th day as delegates arrived for the annual event – was affecting sentiment and hear their thoughts on whether market participants see the ...

This episode is sponsored by Deutsche Pfandbriefbank

In recent years, alternative lenders have satisfied an increasing proportion of the European property market’s financing needs. But banks still account for the lion’s share of activity. In this episode of The PERE Podcast, Duncan Pearson and Charles Balch, managing directors at Deutsche Pfandbriefbank (pbb), explore the new avenues for cooperation between the different classes of...

This week, we bring you extracts from an interview with François Trausch, PIMCO Prime Real Estate's chief executive and chief investment officer.

At the start of 2026, PIMCO Prime Real Estate identified real estate debt markets as one of the most compelling themes for the year, based on the view that as liquidity returns to the market, debt strategies present originators with opportunities that offer a combination of relatively low...

This week on The PERE Podcast, focus is turned to Singapore, where a lively docket of PERE Asia keynotes and panels have just concluded. The event saw record attendance across its three days, with some 600 delegates in attendance across the event including institutional investors, managers and advisers. 

PERE has been active in tracking perspectives from leading institutions and firms onsite, including analysis on how Adu Dhabi Inv...

This episode is sponsored by Knight Frank and Reed Smith

Back leverage has emerged from the shadows to have its moment in the sun. Not long ago, taking on debt to partly fund loans was a practice frowned upon by many European investors and borrowers. But today, it is increasingly used and accepted.

In this special episode of The PERE Podcast, Jess Qureshi, an associate in Knight Frank’s capital advisory team, and Josh Hughes, a par...

We return to the familiar territory of real estate investment trust take-private deals this week, as host Randy Plavajka uncovers how private real estate managers aiming to capitalize on listed market dislocations may face a reshaped landscape as REIT market health gradually returns.

Even as take-private efforts are actively launched this week – such as an agreement between Affinius Capital and Vista Hill Partners to take Veris Res...

The PERE Podcast heads to Las Vegas this week as host McKenna Leavens breaks down one of the splashiest capital markets moves of the year: Blackstone’s planned $3.05 billion CMBS refinancing of The Cosmopolitan. The deal taps into powerful forces shaping today’s credit landscape, from the growing appetite for top-tier hospitality assets to the resilience of destination markets in a post-pandemic environment. 

Joining McKenna in New...

This episode looks at the relationship between artificial intelligence risk and private real estate investing.

Major firms including Amazon, Meta, Google and Microsoft are projected to spend approximately $650 billion on AI and related infrastructure. Amazon alone says it intends to spend $200 billion on AI, chips, robotics and satellites.

Will these plans prove to be sustainable long-term strategies, or...

This episode is sponsored by AllianceBernstein

European real estate is entering a new phase, with values reset, interest rates stabilising and investors adjusting to a world where ultra-low borrowing costs are no longer the norm.

In this episode of The PERE Podcast, Clark Coffee, chief investment officer of AllianceBernstein’s European commercial real estate debt business, discusses why this shift is changing the balance between eq...