A candid conversation with Earvin “Magic” Johnson, the former NBA star who has become one of the most visible private equity real estate investors in urban America.
2 min read · 23 January 2013
Activity on the ski slopes is heating up as Fortress and Starwood make moves in the sector. Has the time come for a ski resort play?
2 min read · 23 January 2013
The board of the Australian retailer has rejected the $12bn offer from a consortium of private equity firms including KKR, Blackstone and Bain Capital.
2 min read · 23 January 2013
Real estate investment firm AEW Capital Management has opened an office in Singapore and, in addition to staffing the office, is looking to launch a new regional vehicle.
2 min read · 23 January 2013
The latest transaction marks the tenth hotel deal in which the McLean, Virginia-based real estate investor has joined with Denver-based Sage Hospitality Resources.
2 min read · 23 January 2013
The New York firm’s European affiliate, Eurocastle Investment, has acquired a €500m portfolio of German office buildings.
2 min read · 23 January 2013
The New York-based private equity firm has added Adam Aron, a ten-year veteran of former Apollo portfolio company Vail Resorts, to its roster as a senior operating partner.
2 min read · 23 January 2013
Tom Hunter and Bank of Scotland’s £1.1bn bid for care homes builder McCarthy & Stone has trumped Permira and Barclays Capital, who decided not to increase their offer.
2 min read · 23 January 2013
The main message from PERE’s second European Private Equity Real Estate Forum held in London in early June: Work very hard if you want to carry on making money in this asset class. The first half of the current decade will undoubtedly be remembered as a golden age of property investing, but will a 12 percent net annual return on an unlevered basis remain as readily available as it has been? Hardly, warned Matthew Ryall, a member of real estate research and strategy at Merrill Lynch Investment Managers in London who sat on the Forum’s concluding panel. Without active (and clever) asset management, performance will prove elusive.
3 min read · 01 February 2013
Founded in 2003 by former executives of Franchise Finance Corporation of America, Spirit Finance is a publicly listed REIT focused on sale-leasebacks for the retail, service and distribution industries. With balance sheet assets of approximately $2.5 billion, Spirit recently completed the largest retail sale-leaseback ever, the $815 million acquisition of the real estate assets of ShopKo, the retailer recently acquired by Sun Capital Partners. Here, Christopher Volk talks about the ShopKo deal, the economic environment for retailers and why corporate capital efficiency may be the next big wave in corporate America.
4 min read · 23 January 2013
