The former Townsend Group consultant has joined TRECAP Partners as vice president for client relations in the company’s Washington DC office.
2 min read · 18 January 2013
The Connecticut-based firm has closed its fourth global real estate fund of funds on $400 million in commitments. It has been making commitments to funds and purchasing direct secondary interests since its initial closing in 2009.
2 min read · 18 January 2013
The Atlanta-based investment firm has purchased the vacant asset for $27 million and plans to spend $180 million to redevelop it into a mixed-use property.
1 min read · 18 January 2013
The New York-based real estate investment firm's DRA Growth and Income Fund VII currently has $662m in commitments and is expecting a final close in September.
1 min read · 18 January 2013
A partnership between the $240bn pension system and the global real estate asset manager has generated a 60% IRR and $160m in profits. The fund closed after selling its office, residential and logistics projects in São Paulo, Rio de Janeiro and Curitiba.
2 min read · 18 January 2013
JER Partners is said to be in exclusive talks to transfer staff and asset management functions of JER’s Europe funds business to LaSalle in order to provide a more ‘stable platform’ for investors.
3 min read · 18 January 2013
For the first time since the credit crisis, Aberdeen Asset Management has launched an Asia Pacific fund of funds vehicle, seeking out a range of strategies from core to opportunistic and targeting returns between 13 and 17 percent per year.
2 min read · 18 January 2013
The firm has formed of a value-added UK fund that invests in Central London offices. In addition, its European core real estate fund has acquired a logistics property in Finland.
2 min read · 18 January 2013
Why the sale of a stake in a £1.4bn loan book by Royal Bank of Scotland ended up as one for a debt fund, not an opportunistic real estate vehicle.
3 min read · 18 January 2013
The Plymouth Meeting, Pennsylvania-based real estate asset management firm has acquired a six million square-foot portfolio of industrial distribution facilities across the Midwest and Southeast from Pinchal & Company.
2 min read · 18 January 2013
