The 28-property Highland Hospitality portfolio was purchased for $1.28bn by US REIT Ashford Hospitality Trust and Prudential Real Estate Investors. Around $200m of equity from JER was wiped out in the deal.
2 min read · 18 January 2013
England-based firm raises $200m for a private equity and property fund, half of which will target opportunities outside the UK,
2 min read · 18 January 2013
A panel of US-based private equity real estate firms told the mostly European audience that US investment opportunities will move to a ‘second tier of core markets’ in 2011.
2 min read · 18 January 2013
The Philadelphia-based arm of the London investment firm is targeting between $250m and $500m for a multifamily development vehicle, the Grosvenor US Multifamily Fund. Meanwhile, Sares-Regis eyes $200m for multifamily acquisition.
3 min read · 18 January 2013
At a panel session at this year’s MIPIM conference in Cannes, delegates heard from Barclays Corporate how rebounding market valuations in the UK have led to less distressed real estate situations.
2 min read · 18 January 2013
The $25.5bn US pension has invested in BPG's latest value-added vehicle, targeting $250m. The Pennsylvania pension saw its real estate portfolio return 2.3% in 2010, and 4.5% in the fourth quarter.
2 min read · 18 January 2013
The global brokerage and property services giant sees $606bn in investment activity this year, with North America and emerging markets leading the way.
3 min read · 18 January 2013
INREV today unveiled its long-awaited fund styles framework aimed at better enabling fund managers to determine the style of their investment vehicles.
3 min read · 18 January 2013
A new report based on ULI research suggests both European core and opportunity funds have not performed as well as promised.
4 min read · 18 January 2013
Europe’s fund managers say the atmosphere at this year’s MIPIM property show in Cannes is more optimistic than in 2010, with capital from Asia, the Middle East and, to an extent, the US interested in the region.
2 min read · 18 January 2013
