Putting for dough 2006-07-01 Staff Writer It's no secret that many finance professionals—private equity, real estate or otherwise—enjoy hitting the links. Or that private equity real estate firms have historically been big investors in golf courses—witness the recent moves by Lone Star and Goldman Sachs in t
1 min read · 23 January 2013
All the King's men 2006-07-01 Staff Writer In Jim Jarmusch's 1989 cult film <italic>Mystery Train</italic>, a young Japanese couple visits Memphis, Tennessee. Enamored with Elvis Presley and 1950s American youth culture, the young couple wanders around Memphis, most likely making a stop at 3764 E
3 min read · 23 January 2013
Zou Tao, housing crusader 2006-07-01 Staff Writer Zou Tao, a resident of the city of Shenzhen in Southern China, may not have known what he was stepping into when he first called on Chinese citizens to stop buying real estate. The 32-year-old golf equipment dealer first published an open letter on his intern
2 min read · 23 January 2013
Real estate triple double 2006-07-01 Staff Writer Forget golf courses aimed at selling Sunbelt condos to retirees. Condo developers in New York City are hoping wealthy young hoops fans will be drawn to upscale developments that include basketball courts where residents can give their best high-flying Michael
2 min read · 23 January 2013
Landmark status 2006-07-01 Staff Writer The Great Pyramid of Giza, the last remaining of the Seven Wonders of the Ancient World, was built, by the most widely accepted archaeological accounts, for the Egyptian pharaoh Cheops and completed around 2560 BC. Though experts differ wildly on the number of laborers
2 min read · 23 January 2013
The recently listed KKR Private Equity Investors vehicle creates an immediate pool of nearly $2bn for KKR’s 2006 Fund – a major boost to the firm’s ongoing fundraising effort.
2 min read · 23 January 2013
Developers gone wild 2006-06-01 Staff Writer The island in the Bahamas that is now home to the Atlantis resort was once called Hog Island by British colonialists. Rather than world-famous waterslides and New York-based sushi restaurants, however, the Brits used it as a pig farm. When supermarket heir Hunting
2 min read · 23 January 2013
As the US baby boomers retire, the senior housing sector is drawing renewed interest from investors. But as many learned in the 90s, senior housing isn't your typical real estate play. By Dave Keating
10 min read · 23 January 2013
The battle for Toys “R” Us was one of the most hotly contested transactions of last year—can the victors walk away unscathed? By Paul Fruchbom
9 min read · 23 January 2013
Founded in 1974, Harvard Management Company (HMC) is a subsidiary of Harvard University responsible for managing the University's endowment, pension assets, working capital and deferred giving accounts. Generally regarded as one of the most astute investors in the alternative asset sector, HMC currently oversees approximately $26 billion in assets, $2.2 billion of which is invested in real estate. David Ferrero, who originally joined HMC in 1997, co-manages HMC's opportunistic real estate portfolio. Here, Ferrero talks about the current state of the real estate fundraising market, Harvard's “clarity of mission” and the importance of listening to your LPs.
6 min read · 23 January 2013
