Grazing at the Granular Level

“We think there is more opportunity for higher returns in these smaller transactions.”

“Understanding the nuances of the local market is critical here.”

In “Grazing at the Granular Level,” published in PERE’s Value Creation Report, Zach Vaughan of Arrow Global highlights the strategic value of investing in smaller-scale real estate assets in Europe. Zach points out that these granular assets, typically valued around the €20 million mark, can often be acquired on favourable terms, and offer multiple exit strategies.

Arrow Global leverages its large, localised teams to source these granular opportunities, which are generally less intermediated, and more liquid compared to larger transactions. With about €80 billion in assets under management, Arrow’s approach capitalises on the direct sourcing from its extensive network, making the most of the fragmented European real estate market by focusing on high-demand sectors such as multi-family residential and student housing.

Read the full article here.

Zachary Vaughan

Zachary Vaughan

Group Head and CIO, Real Estate

Zachary joined Arrow in 2023 as Head of Real Estate and Chair of the Real Estate Investment Committee. He joined Arrow Global from Brookfield Asset Management, where he was a Managing Partner in Brookfield’s Real Estate Group. In his most recent role, Zachary served as CEO and a member of the Board of Directors of Brookfield REIT. Prior to 2021, he was the Head of Europe, overseeing all real estate activities in the region, including investments, asset management, and new fund formation. During his tenure at Brookfield, Zachary was involved in investments across various property sectors, including Thayer Lodging Group, Inc., Center Parcs, Gazeley, Student Roost, International Campus, and the Interhotels Group.

Prior to joining Brookfield, Zachary worked at the CPP Investments (Canada Pension Plan) and Reichmann International.