Leon Black-led Apollo – which has approximately $10bn in dry powder – believes the volatile markets could be rife with opportunities.
2 min read · 18 January 2013
The takeover of property services firm DTZ, which has a property investment management arm, is said to be in doubt as both chief executive Paul Idzik and chief operating officer Robert Rickert resign. Meanwhile, the takeover of ING REIM by CBRE is said to be ‘on track’.
2 min read · 18 January 2013
Six months after determining it would commit up to $1.2 billion of equity commitments to real estate value-added and opportunity funds, Korea’s largest institutional investor has made four commitments to managers deploying strategies in North and South America.
2 min read · 18 January 2013
Listed private equity firms were walloped in last week’s brutal hammering of public markets across the globe, with some analysts wary about the volatility of the sector.
2 min read · 18 January 2013
The Washington, DC-based trade association for real estate investment managers has select Gunnar Branson to succeed Stephen Renna as its chief.
2 min read · 18 January 2013
A consortium led by the New York-based fund manager bought a 25% stake in a $139m portfolio of predominantly nonperforming loans for 43 cents on the dollar. Another consortium of investors, including Oaktree, acquired a separate FDIC portfolio of 116 Colorado loans for 65 on the dollar.
2 min read · 18 January 2013
The San Francisco-based investment company, through a joint venture with Worthe Real Estate, has acquired a 20-acre development site in Southern California on behalf of its ninth real estate fund. Separately, Shorenstein has added a new member to its transactions team.
2 min read · 18 January 2013
Fortress principals Wesley Edens, Peter Briger, Robert Kauffman, Randal Nardone and Michael Novogratz have entered into new five-year contracts with the New York alternative investment house, effective January 1, 2012. Their extended employments were announced as Fortress reported ‘off expectations’ second quarter results.
2 min read · 18 January 2013
The Los Angeles-based firm says it has struck its fourth nonperforming loan deal in Germany but, more importantly, it is the first time syndicated loans have been sold together as a package by a banking consortium as an NPL transaction in Germany, possibly in Europe.
2 min read · 18 January 2013
The New York and Toronto-based alternative assets investment management firm has hired ex-UBS Investment Bank executive Andrew Williams to be responsible for its relationships with investors down under.
1 min read · 18 January 2013
