A true secondaries market, with broker-dealers facilitating the buying and selling of private equity real estate fund and JV interests, is needed to help LPs take greater control over their portfolios.

Kirkland & Ellis’ Stephen Tomlinson discusses the influx of foreign capital into U.S. real estate, how foreign investor appetite is different, and the impact of growing co-investment rights on GPs.

A rise in closings of commingled funds and an increase in non-U.S. investors in U.S. real estate are among the trends in private equity RE, says Matthew Giles, a partner in business law at Goodwin Procter.

Paul Smith of Texas-based firm Velocis tells PrivcapRE about tweaking the structure of its investment vehicles to attract family offices, endowments, and HNW investors.

Drew Ierardi, senior portfolio manager of private markets at Exelon, urges GPs to think more creatively about fund structures and investment periods

In today’s market, fundraising for real estate assets has become less urgent than in previous years and there is a concern about deploying capital at this point of the cycle. Despite this, real estate is appealing to institutional investors as a long-term and income-oriented hold.

GPs need to be increasingly nimble in order to attract the unprecedented wave of foreign capital targeting U.S. commercial real estate, says RSM partner Tom Green.

Cross-border capital flows into the U.S. require GPs to be even more nimble than before. But it comes with major structural challenges, says RSM’s Tom Green.

Crowdfunding is becoming increasingly institutional, with large-scale funds and developers financing the growth of online platforms that can fund deals and offer them to smaller investors for as little as $100.