The White Plains, NY-based real estate investment trust, which has a private fund arm, has exceeded its $500 million target for its opportunistic and value-added fund just three months after the vehicle’s launch.
2 min read · 17 January 2013
The Government Pension Fund of Thailand is set to make its first significant step towards becoming a global real estate investor with the appointment of Cleveland-based Townsend Group to deploy $250 million into core and special situations funds in North America, Europe and Asia.
2 min read · 17 January 2013
The $238 billion pension system has contributed to two vehicles, sponsored by ARA Asset Management, which will target real estate investment opportunities in China and Asia.
2 min read · 17 January 2013
Otis Spencer and Dennis Dart, Heitman's co-head of Europe and in-house legal counsel respectively, have left the company to form KSP Real Estate Investment Management with backing from billionaire businessman Jan Kulczyk and Larry Silverstein, the developer of the World Trade Center.
1 min read · 17 January 2013
The Baltimore-based investment manager has raised $276 million for its latest value-add real estate fund from investors such as the West Virginia Investment Management Board, the Montana Board of Investments and Baltimore City Fire and Police.
2 min read · 17 January 2013
Mahesh Katkar, a former JPMorgan real estate manager, joins the Los Angeles-based investment giant’s Strategic Partners division amid fundraising for Fund VI.
2 min read · 17 January 2013
The Miami-based firm already has invested nearly half of its latest value-added vehicle, which gives it about $1 billion in buying power for distressed office assets.
2 min read · 17 January 2013
Susan Lloyd-Hurwitz, LaSalle Investment Management’s European MD, is to become CEO and MD of Sydney-based developer and investor Mirvac Group. She replaces current CEO Nick Collinshaw.
2 min read · 17 January 2013
A joint venture between Johannesburg-based Rand Merchant Bank and Westport Property Group has enjoyed capital raising success for its first real estate opportunity fund.
2 min read · 17 January 2013
The Australian real estate investment manager has raised capital from six domestic and institutional investors for its ‘enhanced core’ retail real estate offering.
2 min read · 17 January 2013
