Doug Sesler has departed from his position as global head of real estate principal investments at Bank of America Merrill Lynch. His departure comes as the Wall Street bank nears the wind-down of the platform.
3 min read · 18 January 2013
James Sunday has been named partner at the Simsbury, Connecticut-based group, while Ira Shaw has been promoted to vice president.
1 min read · 18 January 2013
The Toronto-based pension fund’s overall return for 2010 was 12 percent, up from 10.6 percent in 2009, thanks partly to outperformance by its real estate and infrastructure divisions. Its private equity platform, on the other hand, underperformed.
2 min read · 18 January 2013
The former president of GE’s US consumer retail finance arm will lead GE Capital Real Estate, after Pressman (pictured) decided to leave the conglomerate to ‘pursue interests outside the company’.
2 min read · 18 January 2013
Just weeks after securing the €350m mandate to manage the unlisted real estate holdings of Dutch pension SPMS, Aviva Investors will establish and manage an unlisted multi-manager portfolio for neighbouring LP, Philips Pensioenfonds.
1 min read · 18 January 2013
With more than 330 funds trying to raise $130bn in capital for private equity real estate strategies, 2011 is expected to see a four-fold increase in those looking to invest between $250m and $1bn of equity in the asset class, according to a Probitas survey.
2 min read · 18 January 2013
The deal means the world’s largest real estate opportunity fund – Blackstone Real Estate Partners VI – is getting closer to being fully committed. BREP closed on $10.9bn in April 2008.
3 min read · 18 January 2013
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1 min read · 18 January 2013
The European private equity and real estate firm has bought two malls from Sonae Sierra in different parts of the country.
1 min read · 18 January 2013
The McLean, Virginia-based firm, which took Genesis private in a joint venture with Formation Capital in July 2007, has sold the 180 owned and leased facilities to listed Health Care REIT.
1 min read · 18 January 2013
