Barry Sternlicht has launched Starwood Property Trust to target commercial and residential real estate debt opportunities, using financing from the US government’s bailout packages, TALF and PPIP. The next five years will be ‘one of the most attractive investment periods in the past 50 years’.
2 min read · 21 January 2013
ING Real Estate has launched a second China focused real estate opportunity fund. The vehicle is targeting up to $750 million in equity, is aiming to invest principally in residential assets and plans to make individual investments of between $50 million and $70million.
2 min read · 21 January 2013
Aberdeen Property Investors, the Stockholm based fund manager and investor, has closed on half the amount of equity it originally planned to raise for its second Asia focused fund of funds. The firm has taken a cautious approach to investments going forward and is unlikely to spend anything until after the summer.
1 min read · 21 January 2013
The founder of Knight Trading is planning a series of funds that will target discounted office, multifamily and condos in the New York area and Florida. KABR’s first acquisition is AIG’s New Jersey office.
2 min read · 21 January 2013
VTB Capital and Deutsche Bank’s global real estate group have set a target of at least €300m for VTBC-DB Real Estate Partners I. Scandinavian pension funds, including Ilmarinen and Etera, are among the first limited partner investors in the fund.
1 min read · 21 January 2013
The joint venture between Baltimore-based Municipal Mortgage & Equity and a Dublin-based syndicate of private investors is poised to close on its first South Africa housing fund. It is already eying a bigger second vehicle to invest on a pan-African basis.
2 min read · 21 January 2013
Brian Newman and Michael Wilson have formed Ceres Real Estate Partners together with iStar veteran Jeffrey Digel to target distressed debt and equity investments in the US. The firm is expected to target debt, hospitality and senior housing among other opportunities.
1 min read · 21 January 2013
The $110bn pension fund has committed $30m to the Mountgrange Real Estate Opportunity Fund I through its funds of funds investment with Franklin Templeton’s Lake Montauk vehicle. The Mountgrange fund closed in May on £300m and will target under-performing assets as well as land deals.
1 min read · 21 January 2013
Anthony Miller, known for steering Carlyle's charge into Asia, will lead Pacific Alliance Japan in investing in Japan’s real estate, distressed debt and private placement markets.
2 min read · 21 January 2013
A scandal in New York is causing big trouble for placement agents everywhere. PERE June 2009
3 min read · 21 January 2013
