Sonny Kalsi, John Carrafiell and Fred Schmidt, a trio of former Morgan Stanley real estate investing heads, form new property firm GreenOak Real Estate with $110m of backing from Dutch listed company, Tetragon. The firm has formed ahead of an expected surge in distressed loan disposals, fire sales, and MBS workouts.
2 min read · 24 January 2013
The summer vacation is inevitably a time to consider one’s future. But as many senior deal makers do just that, they may be disappointed by the limited options open to them at the moment.
2 min read · 24 January 2013
The firm has reinforced its team with two new hires from Citigroup and will make investments in India's real estate space from existing funds.
1 min read · 24 January 2013
The global private equity firm has raised almost half of its target for the Carlyle Beijing RMB fund.
2 min read · 24 January 2013
An affiliate company of New York-based investment firm Apollo Global Management is to acquire a 50% stake in Innkeepers, the troubled hotels business, which filed for creditors protection earlier this month, in a deal worth $107.5 million.
1 min read · 24 January 2013
Kefren Properties, a Nordic property investor which failed to pay interest to bondholders on a €480 million portfolio of Swedish properties, has agreed with Valad’s European business a five-year asset management deal.
2 min read · 24 January 2013
Real estate funds from group AMB, Artha Capital, Mexico Retail Properties and Prudential Financial’s Mexican unit will seek to raise about $1.28bn via the Mexican Stock Exchange.
2 min read · 24 January 2013
The founder of Colony Capital has clarified his widely reported comment that real estate has become “tiring and boring”, telling PERE that a protracted era of restructuring had taken “velocity, arbitrage and outsize returns” out of the asset class.
3 min read · 24 January 2013
The firm’s sixth real estate fund, which collected $11bn in 2008, has recovered from its lows of about 46 cents on the dollar to about 85 cents on the dollar, Steve Schwarzman said during an earnings call Thursday.
2 min read · 24 January 2013
The US pension refuses to ‘sell at loss’, temporarily shifting 5% of its equities portfolio to private equity, real estate and fixed income to take advantage of distress.
2 min read · 24 January 2013
