The industrial development and investment firm has today received $845m from the sale of its China and Japan operations to GIC Real Estate. It is expected to close the $140m sale of its Misato Park to GIC Real Estate in the next month.
2 min read · 21 January 2013
The asset manager raised capital from its limited partners, including the Oregon Investment Council, to repay margin debt on the German apartment owner which has reportedly been struggling with its debt load.
1 min read · 21 January 2013
The JE Robert Companies-managed REIT, JER Investors Trust, will move to over-the-counter trading after failing to maintain a market cap of more than $15 million.
1 min read · 21 January 2013
More than half of all delegates at the PREA spring conference in Washington DC believe LPs will call for more separate accounts and fewer commingled funds. However, opportunistic strategies make the most sense in 2009.
1 min read · 21 January 2013
Songbird Estates, a property company backed by Morgan Stanley Real Estate Funds, unveiled £1.8bn annual losses today and said there was a ‘material risk’ of breaching banking covenants within the next 12 months. It has appointed UK bank Rothschild to advise on funding options.
1 min read · 21 January 2013
Swedish real estate advisor and fund manager introduces restrictions to prevent a repeat of last October’s run on the German open ended fund sector.
2 min read · 21 January 2013
The Oslo-based firm wants to capitalise on secondary mispricing of real estate debt and equity in Norway, Sweden, Finland and Denmark.
1 min read · 21 January 2013
UK-focused real estate firm Mountgrange Capital is considering funding options as Deloitte is appointed as administrator. However, Mountgrange Investment Management, the separate independent fund management operation, is still fundraising for an opportunity vehicle.
2 min read · 21 January 2013
The Lake Oswego, Oregon-based firm is targeting $200m for its Real Estate Distress Fund. The vehicle will focus on distressed multifamily apartments, particularly in the Sunbelt states.
1 min read · 21 January 2013
The Sacramento-focused firm has set in place a 5% management fee that is only payable on revenue earned by the partnership. The vehicle is focused on buying raw land and finished lots in Sacramento and Reno with the intention of “holding” the assets until property markets return.
2 min read · 21 January 2013
