Cortland insights: What institutional investors want from multifamily managers

by ANDREA ZANDER

As capital becomes more selective, investors are increasingly focused on whether multifamily managers can create value through operations rather than simply through acquisitions. The question underlying much of that diligence, said Mike Altman, CIO at Cortland, is whether a manager can grow net operating income (NOI) on its own merits, independent of leverage or cap-rate movement.

Creative Planning to acquire RVK

by RELEASED

Creative Planning, one of the nation's largest registered investment advisors (RIAs), has plans to acquire RVK, an institutional investment consulting firm headquartered in Portland, Ore. 

CapitaLand acquires Hong Kong hotel for student housing conversion

by Andrea Zander

CapitaLand Investment plans to convert the Ibis Hong Kong Central and Sheung Wan Hotel into student housing after acquiring the property for HK$2.3 billion ($293.2 million), according to Mingtiandi, citing market sources.

What 10 years at CalPERS and New Jersey taught me about building private markets for everyone else

by Niraj Agarwal, CFA

For a decade, my job was to lead large-scale private markets programs for two of the country’s largest public pensions — first at the California Public Employees’ Retirement System (CalPERS), then for the State of New Jersey. Before that, I sat on the sell side, leading transactions that institutions like these eventually bought. I learned and did a lot during that time, with one key learning as 2025 came around: Institutions such as pensions, endowments and sovereign funds have driven private markets for almost as long as private markets have been around, and the playbook we built was never really designed with anyone else in mind.