Where would you invest: Blue Owl, Carlyle, LaSalle, or Penwood?
Scenario...
1. You work at a pension fund.
2. The pension is underallocated to value-add real estate.
3. You are considering 4 funds.
4. You get these diligence reports back from your consultants.
Which fund would you recommend?
-- Blue Owl targets 12%+ net IRRs by acquiring and leveraging net leased properties at 7%+.
-- Carlyle targets 14-17% net IRRs by investing in opportunistic plays within "demographic and technology-driven sectors" with meaningful exposure to development.
-- LaSalle targets 12-14% net IRRs by investing in sectors and markets with favorable supply/demand imbalances.
-- Penwood targets 10-12% net IRRs by repositioning and re-leasing industrial properties in SoCal, NJ, Pennsylvania, and Las Vegas.
Read the full report here.
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