REAL ESTATE
Large European Real Estate
US Commercial Real Estate
The Strategies
Senior & mezzanine real estate debt
Funds of funds Asia
Risk/return profile: Core/Core+ and Value-added
Offices
High-street retail
Shopping centres
Residential
Logistics
Generali Real Estate* is our specialist European real estate affiliate, providing long-term investors broad solutions across equity and debt. With extensive experience managing the real estate portfolio of Generali Group, the firm offers unparalleled industry capabilities for clients who wish to invest in the real economy while seeking stable, risk-adjusted returns.
A distinctive portfolio of green-label, landmark buildings
By managing a distinctive mix of historical and modern landmark buildings across Europe and the UK, Generali Real Estate has developed best-in-class skills in terms of technological innovation, and sustainability, and urban development.
Generali Real Estate’s strategies cover the full risk-return spectrum and the large team of around 370 professionals provides them with up-to-date visibility on the European market thanks to extensive relationships established over time in the market with international, reputable sponsors, banks, and financing partners.
ESG is at the heart of their real estate strategy. Many of the underlying assets in the strategies have Green Label Certification granted by the most reputable certifications bodies in the industry, including “outstanding” ratings from HQE and BREEAM.
*Full name: Generali Real Estate S.p.A.
Source: Generali Real Estate S.p.a. and Generali Real Estate SGR S.p.a., data as of Q4 2024, referring to both capital invested and committed.
The Strategies
Middle market core-plus
Value-add
Opportunistic real estate
Pearlmark is our specialist US commercial real estate affiliate, providing investors the opportunity to invest through both equity and debt structures.
High-quality US commercial real estate
Since 1996, Pearlmark has made over 575 equity and debt investments, totalling approximately $14.2 billion in gross investment value. Pearlmark’s complementary investment strategies in the equity and high-yield debt markets provide a holistic perspective in sourcing, underwriting, and managing investments.
Pearlmark’s equity platform targets middle-market value-add investments in compelling growth markets across the United States.
Pearlmark’s high-yield debt platform targets core+, value-add, and opportunistic investments across the United States.
To ensure alignment of interest throughout the process, Pearlmark’s managing directors and managing principals invest personally alongside investors.
Pearlmark’s AUM data as of end of Q4 2024 includes PREP Investment Advisers, L.L.C. and Pearlmark Real Estate L.L.C.’s gross investment value for equity investments, outstanding loan receivables for debt investments, and unfunded mmitments. Pearlmark is an indirect subsidiary of Conning Holdings Limited (CHL) whose controlling shareholder is Generali Investments Holding S.p.A.
