Days after pulling out of a joint bid with Chatham Lodging Trust to buy a 64-strong hotel portfolio from bankrupt hotel REIT Innkeepers Trust USA the New York private equity firm is considering returning with a lower bid.
2 min read · 18 January 2013
The New York-based investment firm has bought a 2.8 million-square-foot portfolio of 13 properties across nine metropolitan markets from recently restructured Prologis.
2 min read · 18 January 2013
Cerberus’ abandoned deal to acquire US hotel chain Innkeepers may signal a return of firms exercising Material Adverse Change or Material Adverse Effect Clauses in response to global market uncertainty.
2 min read · 18 January 2013
The Dutch group has entered into a five-year partnership with a developer to build apartments for first-time buyers in Macau, an area heavily dependent on gambling and tourism.
2 min read · 18 January 2013
Both vehicles have $320 million in equity commitments and a combined investment capacity of $850 million for multifamily development.
1 min read · 18 January 2013
The real estate arm of one of Canada’s largest pension funds will purchase a full city block, comprising a convention centre, office tower and hotel, in downtown Toronto from the Canadian government.
2 min read · 18 January 2013
Citing an "adverse effect on the business," the two firms end their $1.1 billion agreement to acquire stakes in 64 Innkeepers hotels.
1 min read · 18 January 2013
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2 min read · 18 January 2013
Denmark’s ATP Real Estate has selected two funds as part of its programme to invest €700m in unlisted real estate, joint ventures and club deals, including a first commitment to a Morgan Stanley real estate fund.
2 min read · 18 January 2013
An affiliate of Starwood Capital has agreed to acquire an 18-property hotel portfolio from the Philadelphia-based hospitality REIT for $155 million.
2 min read · 18 January 2013
