The firm, founded by Jeff Krasnoff and backed by Lennar, has already acquired one of the largest FDIC portfolios to date for its Rialto Real Estate Fund, which is believed to be targeting $750m.
2 min read · 24 January 2013
After leaving the investment bank in 2007 to work for a single Asian client, Goodwin is back at JP Morgan to assume a senior role in its Global Real Assets team.
1 min read · 24 January 2013
The New York-based firm will manage more than $2bn of equity positions, after LPs in Bank of America Merrill Lynch’s ill-fated Asian Real Estate Opportunities Fund agreed a $650m settlement following non-fiduciary actions by the bank.
2 min read · 24 January 2013
No happy 20th anniversary for Colony Capital in Hawaiian ‘paradise’ as LPs object to location of its annual investor meeting
2 min read · 24 January 2013
The two large pension plans have partnered with Westfield Group to invest in the 1.9m sq. ft. Westfield Stratford City complex, located next to the London 2012 Olympics site.
2 min read · 24 January 2013
An inaugural study of fees charged by fund of funds managers in Europe has concluded they are ‘cost-effective’
2 min read · 24 January 2013
Ohio Fire and Police commits to the $500m Savanna Real Estate Fund II as it targets office properties in NYC, DC and Boston areas. The firm recently closed on two distressed note sales in NYC, including 104 W. 40th St.
2 min read · 24 January 2013
The Chicago-based fund of funds has hired Michael Clarke as head of its European real estate operations, following 18 years at Schroders.
1 min read · 24 January 2013
The 25-member LP pool of Bank of America Merrill Lynch’s ill-fated Asian Real Estate Opportunities Fund, rubberstamped their approval of a settlement offered by the Wall Street bank at an investor meeting in Hong Kong last week.
2 min read · 24 January 2013
Despite reporting -10.15% returns for the state’s largest pension fund, the Florida State Board of Administration says the asset class is performing significantly better than the benchmark.
2 min read · 24 January 2013
