The US retail REIT has offered to pay $10 billion, including $9 billion in cash and co-investment capital from institutional investors, for its bankrupt rival General Growth Properties.
2 min read · 24 January 2013
With some $22bn in uncalled commitments, the California pension will work to enter customised, low-fee partnerships and co-investment vehicles with select GPs.
2 min read · 24 January 2013
Larry Ellman, Citi Property Investors’ head of North American investments, has quit the firm as its sale enters the final week. Ellman's responsibilities now fall to CPI's asset management head, Robert Scoville.
2 min read · 24 January 2013
Royal Bank of Scotland, the nationalised UK bank, reportedly lent around €1.9 billion to the US bank to acquire a package of 28 Germany assets in 2007
1 min read · 24 January 2013
A Boston office deal with an expected cap rate of 6% begs the question – are some investors in danger of repeating the mistakes of 2006 and 2007?
2 min read · 31 January 2013
Having invested more than 80% of the capital from its debut vehicle, the New Delhi-based private equity real estate firm has hit the fundraising trail for a follow-up.
2 min read · 24 January 2013
Investors who can’t afford to suffer further losses are cautioned over investing in the asset class amid warnings there is ‘no such thing as a no-risk deal’ today. High returns demand meaningful risk, say Hodes and Weill.
2 min read · 24 January 2013
The US homebuilder has returned to buying distressed debt acquiring a portfolio of 5,500 residential and commercial loans pooled from 22 failed banks by the FDIC.
2 min read · 24 January 2013
A Boston office deal with an expected cap rate of 6% begs the question – are some investors in danger of repeating the mistakes of 2006 and 2007?
2 min read · 24 January 2013
Morgan Stanley’s head of real estate investing in Japan has resigned to raise a distressed real estate fund. Yoshi Shigenari, a long-serving executive of the investment bank, takes over his position.
1 min read · 24 January 2013
