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October 6, 2020 Comments Off on Pimco Assumes Oversight of $100B Allianz Real Estate Portfolio Views: 1422 California News, Orange County, West

Pimco Assumes Oversight of $100B Allianz Real Estate Portfolio

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Newport Beach, CA-based Pimco assumed the leadership and oversight of Allianz Real Estate. The previously announced deal brings in more than $100 billion in core, core-plus, value-add and opportunistic real estate assets managed by Allianz around the world. Pimco is owned by Allianz SE.

Pimco’s Emmanuel Roman says, “This combination gives us greater scale in commercial real estate which will expand our prospects for attractive and compelling investment opportunities for clients seeking income-oriented or opportunistic real estate strategies.”

The partnership expands Pimco’s access to talent, resources, and data, which is expected to enhance the firm’s existing private strategies platform, particularly those investment vehicles which emphasize real estate. Pimco believes the Allianz global franchise is highly complementary to its legacy real estate efforts.

Allianz Real Estate has served as the captive real estate arm of Allianz’s multiple global insurance balance sheets and has grown into a successful investment engine.

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