Karsten Kallevig, chief investment officer for real estate at Norges Bank Investment Management, told an audience in London last night how the NOK3,494 billion sovereign wealth fund does not want to see its equity returned in five years, thereby excluding opportunity funds from its initial investment thesis.
3 min read · 17 January 2013
A joint venture between the New York-based fund manager and Four Corners Partners has purchased a former shopping centre-turned-office campus for $90 million from William Lyon Homes. The venture plans to renovate the property into Class A offices.
3 min read · 17 January 2013
The firm's initial public offering debuted at $22 per share, below its low-end expectation of $23 per share. The firm raised $671 million in the offering.
2 min read · 17 January 2013
The New York-based private equity real estate firm has raised 75 percent of its $2 billion target for its global value-added real estate fund, Westbrook Real Estate Fund IX. The capital thus far has come from more than 40 US institutions.
2 min read · 17 January 2013
The Los Angeles-based real estate fund manager’s investment in a new low- and middle-income housing platform targeting the São Paulo metropolitan area represents the firm’s seventh housing joint venture in Latin America in the past year.
2 min read · 17 January 2013
The $126 billion pension system has made a sizable commitment to BREP VII as part of its overall goal of committing $6 billion to alternative investments over the next three years..
1 min read · 17 January 2013
Michelle LeRoy has formed Tricon Real Assets Capital, a private placement and consultancy business aimed predominantly at real estate investment management firms.
2 min read · 17 January 2013
The Los Angeles-based fund manager, through a joint venture with Capital & Regional, has acquired the Kingfisher Shopping Centre for £130 million.
2 min read · 17 January 2013
Thanks largely to its current fundraising effort, the New York private equity and real estate giant has increased the distance between itself and its closest competitors. Meanwhile, most of the remaining legacy firms have fallen out of the ranking, opening the door for several new players and returning firms.
3 min read · 17 January 2013
According to sources familiar with the situation, the New York real estate and private equity giant is in line to bank a £100m profit from the sale of its Nido Student Living accommodation business for its Blackstone Real Estate Partners fund series.
2 min read · 17 January 2013
