Davidson Kempner Plans Debut Real Estate Fund After CRE Turmoil

Davidson Kempner Capital Management LP is looking to grab opportunities in real estate with a fund dedicated to the sector, according to people with knowledge of the matter.

Although the firm already invests in real estate, this would be its first fund focused on the asset class, said the people, asking not to be identified discussing private information. It would include both equity and debt, a rare feature for this type of fund.

A representative for Davidson Kempner declined to comment.

The property market, in particular commercial real estate, has faced increased stress around the world in the past year ...