Fundraising

Toll Brothers, DR Horton and Century Communities have made investments in the debt fund as AREC aims to raise $1bn in commitments.

The $27bn system is currently below its real estate target allocation.

This year’s PERE Lifetime Achievement Award winner, Artemis Real Estate Partners co-founder Deborah Harmon, has proven that championing diversity and delivering strong performance are not mutually exclusive.

The leading borrowers, fundraisers and dealmakers of 2025.

Read more about the 2025 PERE Credit Award winners and runners-up in all categories, and how they found their footing after a difficult start to 2025.

Lenders piled into a sluggish market in a year characterised by competition, back leverage and an office bounce-back.

In a competitive property financing landscape, the winners of the Real Estate Capital Europe Awards 2025 made their mark.

The public pension fund, which has $30bn in AUM, is currently underweight to its real estate target allocation.

The duo extends their long-standing relationship in a transaction led by the Beverly Hills-based manager’s executive suite with funding from Fairfax.

The $136bn system has invested in the San Francisco-based manager’s ACORE Credit Partners III and its series predecessor.