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 REAL ESTATE

Land and real estate have always held a particular place in our thinking. Their tangibility, their tendency to hold value across cycles, and their capacity to be passed from one generation to the next make them a natural fit for the kind of capital we deploy. We began investing seriously in this sector in the 1990s and have steadily built our presence ever since.

Today, our holdings span commercial properties, warehouses, apartments, undeveloped land, and single-family houses. We approach each acquisition with the same long-term mindset that guides the rest of our work - favoring quality of location and resilience over short-term yield, and holding assets through cycles rather than trading them.