A joint venture between the New York-based private equity firm and the Palm Beach, Florida-based hotel REIT has acquired the 64 hotels owned by Innkeepers for $1.02 billion. Innkeepers subsequently has emerged from Chapter 11.
2 min read · 18 January 2013
A new report by PwC and ULI says opportunistic return expectations are likely to decline further, while funds with an arsenal of dry powder will continue to have a tough time putting capital to work
2 min read · 18 January 2013
The London-based private equity real estate firm, Brockton Capital, has bought a majority stake in data centre specialist, Virtus Data Centres. The fresh investment on behalf of Brockton Capital Fund II, will see the operator develop new facilities.
3 min read · 18 January 2013
The Charities Property Fund, which is managed by Cordea Savills and boasts 1,239 charities as investors, has delivered returns on UK property of just over 9 percent in the last 12 months.
2 min read · 18 January 2013
The New York-based private equity giant will purchase 82 suburban office assets from Duke Realty on behalf of the firm’s latest global real estate fund.
2 min read · 18 January 2013
After acquiring its real estate investment management business in June, the Beverly Hills-based firm is acquiring a portfolio of London office, multifamily and retail property loan from the troubled Irish bank.
1 min read · 18 January 2013
Legal & General Property closes UK Property Income Fund on £300m of equity commitments from 14 institutional investors against a ‘tough’ fundraising climate.
2 min read · 18 January 2013
The real estate investment management arm of French insurance giant AXA and the Europe and Asia focused private equity real estate firm have acquired a City of London development in a ‘debt workout’ situation with its lender, Eurohypo.
1 min read · 18 January 2013
Despite weakness in the firm’s latest real estate and overall earnings, the head of the New York-based private equity giant said today that 2011 will be one of the most active investment years in the history of firm’s real estate business.
3 min read · 18 January 2013
The New York-based developer and owner has sold the waterfront trophy on behalf of its US Office Fund to MEPT.
2 min read · 18 January 2013
