The US’ third largest public pension generated overall returns of 25.9% in the year to the end of March – however real estate was the only loss-maker, returning -27.8%.
2 min read · 24 January 2013
The creation of consistent rules for a compelling, apples-to-apples ranking of the largest investors in the asset class caused us to reach further and dig deeper than any other ranking of infrastructure investors ever before.
5 min read · 24 January 2013
The New York-based private equity real estate firm is expected to continue investing in Japan and China from the capital raised for its fourth opportunity vehicle.
2 min read · 24 January 2013
Alan Bear has joined the principal real estate advisory and investment arm of Alvarez & Marsal as managing director to help grow the platform and source capital for asset and portfolio-level recapitalisations.
1 min read · 24 January 2013
The Ontario Municipal Employees Retirement System’s real estate arm will reportedly be the lead equity partner with Related Companies for a $15bn development of Manhattan’s Hudson Yards, after Goldman Sachs Real Estate Principal Investment Area withdrew from the deal.
2 min read · 24 January 2013
The trio of investors won the auction for bankrupt hotel chain Extended Stay with a $3.92bn bid, beating rival Starwood Capital and TPG.
2 min read · 24 January 2013
Now Highstreet, a consortium of property investors including Goldman Sachs which owns the majority of Karstadt properties, makes a bid to take over the operational-side of the business
2 min read · 24 January 2013
Private equity and private equity real estate firms should be encouraged to mount bank recapitalisation JVs, mirroring FDIC-initiated structured sales of failed financial institutions.
3 min read · 24 January 2013
The New York-based firm, which is preparing to raise its third fund, may seek out a large investor to buy a stake in its management company and anchor its fundraise.
2 min read · 24 January 2013
Beacon Capital Partners has sold an 80 percent stake in a Washington DC office property to Edge Fund Advisors and HSBC Alternative Investments. The transaction marks the second major office investment made by Edge and HSBC in the past six months.
2 min read · 24 January 2013
