Days after pulling out of a joint bid with Chatham Lodging Trust to buy a 64-strong hotel portfolio from bankrupt hotel REIT Innkeepers Trust USA the New York private equity firm is considering returning with a lower bid.
2 min read · 18 January 2013
The New York-based investment firm has bought a 2.8 million-square-foot portfolio of 13 properties across nine metropolitan markets from recently restructured Prologis.
2 min read · 18 January 2013
Cerberus’ abandoned deal to acquire US hotel chain Innkeepers may signal a return of firms exercising Material Adverse Change or Material Adverse Effect Clauses in response to global market uncertainty.
2 min read · 18 January 2013
Weeks after appointing Pramerica Real Estate Investors’ acquisitions vice president Joji Thomas, the Hong Kong-based private equity firm has now hired its managing director for Greater China.
2 min read · 18 January 2013
The Dutch group has entered into a five-year partnership with a developer to build apartments for first-time buyers in Macau, an area heavily dependent on gambling and tourism.
2 min read · 18 January 2013
According to the investment advisory group, the number of Asian private equity real estate funds to come to market in the first half of 2011 has almost matched the whole of last year.
2 min read · 18 January 2013
Both vehicles have $320 million in equity commitments and a combined investment capacity of $850 million for multifamily development.
1 min read · 18 January 2013
The real estate arm of one of Canada’s largest pension funds will purchase a full city block, comprising a convention centre, office tower and hotel, in downtown Toronto from the Canadian government.
2 min read · 18 January 2013
Citing an "adverse effect on the business," the two firms end their $1.1 billion agreement to acquire stakes in 64 Innkeepers hotels.
1 min read · 18 January 2013
The Paris-based insurer says it has transacted more than €2bn of deals in the first half of the year. Meanwhile, it says there has been an investment shift among clients from Paris to other core markets.
2 min read · 18 January 2013
