A trade association unveiled fresh guidelines today on the best practices for issuing commercial mortgage-backed securities. The so-called ‘principles’ have been set in anticipation of real estate capital markets reopening once European macroeconomic woes are forgotten.
3 min read · 17 January 2013
Revetas Capital Advisors, the recently launched Central and Eastern Europe fund manager, has opened a new office in Budapest and hired its first regional director.
2 min read · 17 January 2013
The Washington, DC-based alternative asset manager, in partnership with Dallas-based developer Cypress Equities, has closed on the purchase of a distressed retail property in San Francisco from Lone Star Funds, with plans to develop a six-level shopping center on the site.
2 min read · 17 January 2013
The Maryland-based private real estate firm saw its latest investment vehicle oversubscribed, with commitments from limited partners such as the New York State Teachers’ Retirement System.
2 min read · 17 January 2013
How similar real estate strategies at CalPERS and CalSTRS have produced different results.
3 min read · 17 January 2013
The Canadian pension fund has struck a deal with UK-listed Goals Soccer Centres to buy the 44-centre operation in a deal valued at £73 million.
2 min read · 17 January 2013
The New York-based alternative asset manager expects an uptick in real estate sales in the coming year, although 2012 also “is on track to be a huge year” for new investments.
3 min read · 17 January 2013
Alfonso Munk, who previously led Morgan Stanley’s real estate investing activities in southern Europe, has joined the real estate investment management business of New Jersey-based Prudential Financial as chief investment officer of its Latin America operations.
2 min read · 17 January 2013
The Tokyo-based firm becomes one of a small handful of managers to attract equity to a blind-pool real estate vehicle in Asia during 2012.
2 min read · 17 January 2013
The Zurich-based investment bank said today that it is looking to sell one of its largest private equity fund investing groups, which has a $1 billion real estate practice, citing its illiquidity and lack of synergy with the rest of the firm.
2 min read · 17 January 2013
