The private equity real estate firm, which last year hired 10 RREEF executives, is targeting IRRs of 16% for its first value-added fund. The firm has also just refinanced a mixed-use redevelopment joint venture in New Jersey for $70m.
2 min read · 22 January 2013
The London-based property investment manager has bought a 204-unit former Archstone housing complex through its $205m value-added multifamily fund, CASA IV. It is the fund's third acquisition of 2008 and ninth in total.
1 min read · 22 January 2013
The retirement community REIT, American Land Lease, will be bought by the Chicago-based private equity real estate firm. The deal is expected to close early 2009.
2 min read · 22 January 2013
The $182bn Sacramento, California-based pension, struggling with the denominator effect, will vote next week on whether to raise the upper limit of its target allocation to real estate and private equity. The pension's real estate portfolio is currently 1.6% overweighted.
2 min read · 22 January 2013
LPs are turning away existing relationships as they bump up against their target allocations. Almost two-thirds will sell interests on the secondaries market to focus resources on the best GPs, according to an LP survey by Coller Capital. There has been a 'growing recognition' among LPs of the importance of being with the best GPs.
2 min read · 22 January 2013
The private equity real estate firm will invest in value-added and development opportunities in the region through its second Asia-focused real estate vehicle, according to US pension documents. It raised $410m for its first Asia-focused fund three years ago.
2 min read · 22 January 2013
The joint venture to provide growth capital to Chinese companies was created in 2006 with commitments of $90m each from Lehman Brothers and International Business Machines.
1 min read · 22 January 2013
In a country whose infrastructure investment landscape is dominated by large industrial conglomerates, Infrastructure India, a newly listed UK infrastructure fund, is finding ways to limit its exposure to them by investing in project-specific investment vehicles.
3 min read · 22 January 2013
The steakhouse operator, acquired as part of the $600m take-private of Lone Star Steakhouse & Saloon in 2006, cited ‘current public market conditions’ in its filing with the SEC.
1 min read · 22 January 2013
China’s $200bn sovereign wealth fund has said that it will not pump money into troubled western financial institutions citing a lack of ‘sincere cooperation’ on the part of the US government.
2 min read · 22 January 2013
