Eight months after being selected as the preferred bidder, the real estate arm of Leon Black’s buyout shop has formally taken over the Citi Property Investors platform and funds. Apollo is believed to have paid a ‘nominal’ fee for CPI.
2 min read · 24 January 2013
The mortgage REIT eyes a repeat of its recent Extended Stay mezz deal, with president Richard Saltzman saying it would pursue debt opportunities ‘where the air is thinner’ and where less capital was chasing transactions.
2 min read · 24 January 2013
Sniper Capital’s first private real estate opportunity fund has made inroads into its $100m capital raising. The Macau-focussed vehicle is expected to buy undervalued properties for redevelopment into non-gaming leisure assets.
1 min read · 24 January 2013
The Canadian Pension Plan will continue to target the asset class after its real estate portfolio rose in value by C$2bn in the six months to September.
2 min read · 24 January 2013
Despite still reporting a negative 10.8% return for the second quarter, the $221bn pension said its real estate performance had done much better than expected with intial estimates predicting a devastating -37.1% return.
2 min read · 24 January 2013
The former political consultant’s reported plea comes on the heels of news that Steve Rattner is close to a deal with the SEC.
2 min read · 24 January 2013
The 80-acre New York multifamily complex sold in 2006 for $5.4bn has been valued at less than its senior mortgage, meaning potential losses for junior CMBS debt holders.
2 min read · 24 January 2013
The property manager of British insurer Aviva has its sights set on a first close for a vehicle aimed at recapitalising property funds and buying LP interests
2 min read · 24 January 2013
A new player in UK private equity real estate has emerged, as Wainbridge Capital reaches a first close of £50m for a value-added fund with equity mainly from wealthy Russians.
3 min read · 24 January 2013
Partners Capital, the private investment office for private equity professionals, is opening an office in Hong Kong.
3 min read · 24 January 2013
