The hospitality company owned by sports magnate Sheila Johnson has ventured into golf course real estate with the acquisition of the Innisbrook resort from Golf Trust of America, a links REIT liquidating its portfolio.
2 min read · 22 January 2013
Denver industrial REIT ProLogis has created a special real estate fund to acquire the assets from a joint venture set up by the California State Teachers Retirement System and Nevada developer Dermody Properties.
2 min read · 22 January 2013
The Quebec pension giant is paying a 20 percent premium for Legacy Hotels, Canada’s largest hospitality REIT.
2 min read · 22 January 2013
Two powerful committee chairmen are backing a bill intended to scrap the low, 15 percent capital-gains tax treatment of GP carried interest in the US. The member behind the bill says the current tax regime on carry is unfair.
3 min read · 22 January 2013
Dubai World, the investment firm of the Dubai government, is reportedly looking to increase its real estate portfolio in the US and Asia.
2 min read · 22 January 2013
Westport has invested in assisted- and independent-living units throughout the Northeast US.
2 min read · 22 January 2013
The private equity arm of US-based REIT Inland Real Estate has acquired a $125m stake in Cobalt Capital Partners’ latest industrial property vehicle.
1 min read · 22 January 2013
The Paris-based institutional property manager and its London affiliate Curzon Global Partners have held the third closing for PBW II but will have a final close in September to allow another €30 million of subscriptions.
1 min read · 22 January 2013
Merrill Lynch’s Galante fund has reportedly made a counteroffer for the Berenice fund, eclipsing a bid previously made by Zwinger Opco, an affiliate of Goldman Sachs’ Whitehall fund.
1 min read · 22 January 2013
The world’s second-largest commercial real estate broker plans to triple its investments in Asia from $7bn to $20bn
1 min read · 22 January 2013
