The San Francisco-based firm is seeking up to $500 million to invest in nonperforming residential and mixed-use real estate primarily in California, Arizona, Florida, Nevada and Texas. Encore Housing Opportunity Fund II will follow the same strategy as Fund I but with an expanded reach.
2 min read · 17 January 2013
The Houston-based real estate firm, on behalf of its Hines US Office Value Added Fund, has sold the Mountain View Corporate Center in the Denver area to the Westfield Company.
1 min read · 17 January 2013
The London and Hong Kong-based hedge fund manager is planning to wrap a $150m real estate opportunity fund around a strategy to unlock opportunistic returns from development and distressed real estate in Myanmar, Mongolia and Vietnam.
2 min read · 17 January 2013
More than half of the limited partners for the Pennsylvania-based private equity real estate firm’s second value-added industrial fund came in during the final round of capital-raising.
2 min read · 17 January 2013
Senior executives of AEW Europe and LaSalle Investment Management explained how the popular theme among investors of wanting tight investment parameters for their opportunistic managers contradicts the definition of opportunistic investing and could lead to missed deals.
3 min read · 17 January 2013
The global head of the New York-based private equity firm’s real estate group is due to move into a less active role as the platform’s chairman in 2013, as part of a long-term succession plan for the business.
3 min read · 17 January 2013
The A$150bn retirement fund has acquired an initial A$400m of Australian logistics properties from Goodman and plans to invest with the ASX-listed group in A$500m more. The deals down under are intended to spark a global investing joint venture.
2 min read · 17 January 2013
A partnership between The Blackstone Group and Morgan Stanley has purchased a portfolio of distressed property loans in Australia from Lloyd’s Banking Group at a significant discount. The assets, valued at A$1.8 billion, were acquired on behalf of the firms’ respective global opportunistic funds, BREP VII and G7.
2 min read · 17 January 2013
The Los Angeles-based private real estate firm has attracted $1.4 billion in commitments to its commercial real estate debt investment vehicle and related sidecars. The firm is due to launch a successor fund early next year.
2 min read · 17 January 2013
A formerly unified LP universe is dividing based on those building customised accounts and those sticking to the traditional fund commitment route, Hamilton Lane CEO Mario Giannini said.
3 min read · 17 January 2013
