With more than 330 funds trying to raise $130bn in capital for private equity real estate strategies, 2011 is expected to see a four-fold increase in those looking to invest between $250m and $1bn of equity in the asset class, according to a Probitas survey.
2 min read · 18 January 2013
The Armonk, New York-based fund manager is eyeing a $350m final close for its second vehicle, which primarily targets US student housing.
1 min read · 18 January 2013
Hines has lost control of the $724m National Office Partners account it ran for CalPERS, with LA-based CommonWealth Partners picking up the mandate. In December, LaSalle lost the $2bn CalEast industrial portfolio to GI, RREEF.
3 min read · 18 January 2013
HSBC is the latest global bank at which senior management in a captive private equity real estate business are separating out. It also is arguably the least well-known of them all.
4 min read · 24 January 2013
Mountgrange Investment Management, which raised its debut opportunity fund in 2009, is backing a venture to develop 15 London budget hotels under a franchise agreement with Tune Hotels run by Asia entrepreneur Tony Fernandes.
3 min read · 24 January 2013
The California giant has united its $1.1bn multifamily portfolio under GID, at the expense of BlackRock, which turned in a negative 12.3% return on its portfolio over five years.
2 min read · 24 January 2013
LIDIS, the Sydney-based real estate investment firm, is to kick off fundraising on its sixth private equity real estate fund, aiming to corral $400 million for investments in Sydney and Brisbane.
2 min read · 24 January 2013
The Hong Kong-based private equity real estate, founded by brothers Goodwin and Kenneth Gaw in 2005, says it will ‘steer clear’ of tier one cities in China and primarily target second and third tier cities instead.
2 min read · 24 January 2013
The opportunistic vehicle was targeting $300m of equity when it was launched in 2007. It will focus on equity and debt investments on the west coast of the US and in Hawaii.
1 min read · 24 January 2013
Auckland-based Du Val Group is seeking to raise nearly $1bn from Asian investors for its first blind pool, commingled funds. The firm plans to raise two funds which will target real estate investments in New Zealand and Australia.
2 min read · 24 January 2013
