The investment management subsidiary of the US insurance company has allocated capital to core real estate vehicles sponsored by Morgan Stanley, Clarion and Invesco as it pursues an income-focused real estate strategy.
2 min read · 17 January 2013
The number of new closed-end real estate funds being launched is on track to reach its highest level in seven years at a time when the amount of investor capital going into such vehicles is dropping, according to research presented by The Townsend Group at the PERE Global Investor Forum 2012 in Los Angeles.
3 min read · 17 January 2013
Although Shorenstein Properties and Lowe Enterprises have dipped their toes in the distressed waters since 2009, the firms are focusing more on value-added opportunities now that recovery is on the horizon.
2 min read · 17 January 2013
The senior principals of the placement agent have signed a separation agreement bringing the firm’s operations to a halt at the end of June ahead of launching separate businesses.
2 min read · 17 January 2013
The firm's plans to focus on country-specific core funds in Asia going forward have led to it agreeing to sever ties with the Asia Property Fund. LaSalle launched the fund in 2007 alongside Prudential’s PRUPIM with an initial $600m of assets.
2 min read · 17 January 2013
After canvassing views from prospective investors, the Hong Kong-based firm has launched a China-focused vehicle similar to traditional private equity real estate funds, but allowing for a strategic review half-way through its investment period.
3 min read · 17 January 2013
The $80.4 billion pension plan has approved equity commitments to Principal Enterprise Capital and Aevitas Property Partners to help expand its investments in private real estate operating companies.
2 min read · 17 January 2013
Two fund managers combine to pool distribution resources targeting Italian investors for international funds, and international investors for Italian funds.
2 min read · 17 January 2013
The New York-based private equity and real estate giant’s first-quarter earnings call revealed the relative strength of its real estate platform over private equity, particularly on the fundraising front.
3 min read · 17 January 2013
In its joint acquisition of the Yorktown Center in Chicago, New York-based buyout group Kohlberg Kravis Roberts & Co completes a milestone first retail real estate investment since forming a dedicated real estate business last year.
2 min read · 17 January 2013
