The Chicago-based private equity real estate firm is targeting cottage-style student housing in the US and has joined forces with university housing developer Landmark Properties.
1 min read · 21 January 2013
The Five Arrows’ series of funds has launched a private mortgage REIT with Shaner Hotel Group CEO Lance Shaner. The private real estate investment trust will target hotel first mortgages.
1 min read · 21 January 2013
Former Prudential Real Estate Investors deal man joins the New York and Washington DC firm to manage its investment platform.
1 min read · 21 January 2013
Distressed property owners will be allowed to talk to special servicers about restructuring securitised loans before imminent default without triggering tax penalties. The move has criticised for reinforcing the “extend and pretend” attitude of the financial industry.
2 min read · 21 January 2013
The firm has agreed to buy up to 148 properties from Sunwest, which filed a pre-packaged Chapter 11 reorganisation plan in August. The SEC sued Sunwest for fraud in March after it almost devolved into a Ponzi scheme.
2 min read · 21 January 2013
The private equity real estate firm AREA Property Partners has hired Alban Liss from Generali Real Estate to open an office in Paris and lead an investment programme in France.
1 min read · 21 January 2013
The Swiss-based firm has successfully closed on €275m for a global real estate fund. The firm aims to buy in both mature and emerging markets and has already bought eight investments in China for the vehicle.
2 min read · 21 January 2013
Blackstone’s chairman has told the SEC a firm like his would never have reached its level of success without placement agents. Schwarzman was writing on behalf of the industry, not the Blackstone-affiliated Park Hill Group.
3 min read · 21 January 2013
Progress, the Netherlands-based pension fund, has sold out of more than €500m of direct real estate assets as part of a strategy to switch to indirect investing.
1 min read · 21 January 2013
The firm has already invested 20% of Fund III's committed capital. It has also fully realised the real estate portion of its debut fund.
2 min read · 21 January 2013
