Following on February 7's "Carlyle tops $300B in AUM, sees real estate beat PE investments in Q4".
If central banks are going to allow inflation to run hot, real estate is as good a place to be as any.
From PitchBook:
Apollo's $1.4B Aldar investment furthers PE's focus on real estate
Apollo Global Management has agreed to invest $1.4 billion in Abu Dhabi-based Aldar Properties, as private equity extends its big bet on the real estate sector.
The deal breaks down into four separate components:
- A $500 million investment in a joint land venture
- A $500 million investment of perpetual subordinated notes issued by Aldar Investment Properties
- A $300 million mandatory convertible preferred equity investment in Aldar Investment Properties
- A $100 million common equity investment in Aldar Investment Properties
The transaction, which will see Apollo acquire a minority stake in Aldar Investment Properties, comes as PE firms continue to achieve high returns on their real estate investments.
Earlier this month, KKR reported that real estate made up its largest holding after private equity, with the firm completing $4 billion in new investments through its real estate platform last quarter....
....MUCH MORE
Related:
February 9
The Warehousing Business Appears To Be Doing Very Well (PLD)
January 5
"...CBRE Just Bought A Nearly $5 Billion Logistics Property Portfolio"
December 29
Pilkington et al.: "Credit-Driven Asset Price Inflation"
December 22
"Why Blackstone and other private equity giants are gobbling up warehouses"
And many more, use the 'search blog' box, upper left, if interested.
