It’s still unclear whether carried interest would be affected by a proposal to raise the tax rate on capital gains from “non-business assets” to 40%.
2 min read · 24 January 2013
German fund manager Hamburg Trust, has appointed Sydney-based real estate investment management firm, Cornerstone REIM, to ‘gain access’ to the Australian market.
1 min read · 24 January 2013
A year after launching a secondaries desk, the global inter-dealer broker will start fundraising for private equity, hedge fund and other alternative investment vehicles.
2 min read · 24 January 2013
The New York firm has co-invested in a hotel asset which will be turned into a luxury offer complete with 70 new rooms and 50 suites
1 min read · 24 January 2013
The Mumbai-based firm is also set to begin marketing a $100m real estate fund targeting domestic opportunities.
2 min read · 24 January 2013
The Mumbai-based firm is also set to begin fundraising for a $100m real estate fund targeting domestic opportunities.
2 min read · 24 January 2013
The $16.7bn Austin-based Texas Municipal Retirement System has hired consultant ORG to help it add real estate as a new asset class. Texas MRS aims to allocate 10% of its portfolio to real estate over the next ‘several’ years.
2 min read · 24 January 2013
The Joint owners of New England’s tallest tower have lured private investment firm Bain Capital to take up to 270,000 square feet of office space on a 15-year lease. The letting brings the occupancy rate of the 1.8m square foot Boston skyscraper to about 95%.
2 min read · 24 January 2013
Norway’s $300 billion government pension fund, formerly known as the Petroleum Fund, has opted for Norwegian Karsten Kallevig to head its real estate team. Kallevig has been heading the Japan business of private equity real estate firm Grove International Partners and will take up his new position on September 1
1 min read · 24 January 2013
A study of US CMBS deals reveals that more than 3,500 loans currently have debt service coverage ratios of 1.0x or less. That figure could quickly grow to $75bn as less than half the CMBS universe has reported 2009 financials.
3 min read · 24 January 2013
