Sector Investment 24 Hours

Last updated: May 13, 2026, 8:30 AM ET

Real Estate Sector Realignments

Pension funds are pivoting away from passive real estate allocations as the Ohio SERS seeks to reduce its exposure after failing to meet benchmarks, with its CIO asserting that successful managers must now function as ‘effective operators’. Counterbalancing this shift, BNP Paribas Asset Management Alts successfully amassed €3bn for a new European credit strategy focused on lending against transitional properties, targeting high single-digit internal rates of return. Meanwhile, the divergence between public and private markets continues, evidenced by data center operator Digital Realty plotting a private fundraising expansion as Brookfield continues its aggressive dealmaking pace across global assets.