Morgan Stanley Real Estate Investing has just closed its latest opportunity fund on $4.7bn. In closing the largest private equity real estate fund post-Lehman, MSREI is refocusing attention on its future, rather than the recent past. MSREI CEO Owen Thomas and CIO Jay Mantz talk about the challenges of the past 18 months – and how the New York-based platform is investing its capital once again.
10 min read · 24 January 2013
The Swiss firm's twelfth office will support investment activities and client relationships in the Middle East and India.
2 min read · 24 January 2013
Argonaut Private Equity, an investment firm of US billionaire George Kaiser, has teamed up with hotel real estate and management company Aimbridge Hospitality for a $100m co-investment fund. The partnership marks Argonaut’s foray into hotel investments.
2 min read · 24 January 2013
The Makena Beach & Golf Resort in Hawaii has been sold at a foreclosure auction for a reported $55m, snapped up by the hotel’s mortgage holders led by Wells Fargo. The auction marks a substantial discount on the resort’s 2007 price tag of $575m, when it was acquired by Morgan Stanley Real Estate Fund V and developer The Dowling Company.
2 min read · 24 January 2013
In an effort to curb the use of placement agents, the US' largest public pension has set up an automated PPM system that has been greeted with market scepticism.
3 min read · 24 January 2013
Participants at last month’s UK Roundtable say the incoming directive on Alternative Investment Fund Managers will lead to a more professional sector and is not something that should be feared, however a lobby effort on some of the more draconian elements would be welcome.
2 min read · 24 January 2013
A pre-identified pipeline of assets has helped Harvest attract commitments to its development fund. PERE Magazine June 2010 issue
2 min read · 24 January 2013
The US’ third largest public pension generated overall returns of 25.9% in the year to the end of March – however real estate was the only loss-maker, returning -27.8%.
2 min read · 24 January 2013
The creation of consistent rules for a compelling, apples-to-apples ranking of the largest investors in the asset class caused us to reach further and dig deeper than any other ranking of infrastructure investors ever before.
5 min read · 24 January 2013
The amount of troubled US real estate rose roughly 40 percent in April, due largely to a higher volume of CMBS restructurings. New loan modification rules are said to have contributed to the $12.8bn of new distress observed last month, the largest increase so far this year.
2 min read · 24 January 2013
