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2 min read · 22 January 2013
The investment bank has formed a $500m joint venture with the National Bank of Abu Dhabi to target mezzanine investments in the UK and German property markets.
1 min read · 22 January 2013
The JV venture between Chicago-based Heitman and US self-storage REIT Sovran Self Storage has added four more self-storage units to its portfolio. The $26.3m deal, including a $12.3m first mortgage, closed only after the JV agreed to fund the remaining amount in cash.
1 min read · 22 January 2013
As investors start to eye distressed real estate investment trusts, the US’ second largest mall owner reveals it has not reached 'unanimous agreement' to extend $900m in debt on two Las Vegas loans. The firm is in talks with its lenders, after the loans were due for repayment last Friday.
2 min read · 22 January 2013
The student housing developer has sold 13 properties across the UK to the Unite UK Student Accommodation Fund, its own co-investment vehicle.
1 min read · 22 January 2013
LPs in Lehman's private equity funds have retained Kirkland & Ellis and private equity advisor StepStone to guide them through the auction of Lehman's venture and private equity funds. The bank also hopes to close a deal on its real estate funds in the first half of 2009.
2 min read · 22 January 2013
CDH Investments has teamed up with Goldman Sachs to provide growth capital funding to Himin Solar Energy Group. The capital will help push the company, which makes products like solar water heaters and solar lamps, towards an initial public offering.
1 min read · 22 January 2013
The asset management arm of the German insurance firm has appointed Stefan Brendgen as its chairman and CIO with effect from next year. The move will release current CEO Karl Ralf Jung to return full time to managing Allianz’s private equity, real estate and infrastructure investments.
2 min read · 22 January 2013
The Chicago-based private equity real estate firm has acquired two student housing complexes for its $280 JV fund, Place/BV Student Housing Fund. The properties serve the University of Arkansas and the University of Nevada, Las Vegas.
1 min read · 22 January 2013
Fund managers will however see opportunities in REITs, discounted fund interests, non- and partially-performing loans and defaulting land and development deals, according to LaSalle Investment Management’s annual strategy report.
2 min read · 22 January 2013
