The Los Angeles-based real estate fund manager has appointed Justin Chang as principal to lead its push into private equity. Chang left TPG's Hong Kong office in 2008 after focusing on the firm’s technology practice.
2 min read · 24 January 2013
The firm had offered $2.4bn, which included the assumption of debt, to acquire Ohio-based Cedar Fair. The deal did 'not have the required level of investor support', the company said.
2 min read · 24 January 2013
USAA Real Estate has teamed up with Crimson Real Estate Advisors to launch the Crimson Real Estate Fund, targeting opportunities in key growth markets across the US.
1 min read · 24 January 2013
The Ontario Teachers’ Pension’s real estate portfolio beat its benchmark return of 6% in 2009, yielding a 7% return in the past 12 months. The Canadian pension's real estate portfolio is now valued at C$17.2bn.
2 min read · 24 January 2013
Nine out of 10 fund managers expect that? opportunities to acquire US distressed real estate will increase or increase significantly at the end of 2010, making it a ‘set up’ year to prepare for 2011.
3 min read · 24 January 2013
The firm’s financial services group, led by Olivier Sarkozy, half brother of the French president, has made three investments.
2 min read · 24 January 2013
The Wes Edens-led firm is approaching LPs in a 2007 $1.2bn co-investment fund for money to pay down debt in the portfolio.
1 min read · 24 January 2013
The national office vacancy rate reached 17.2% in the first three months of 2010, its highest level since 1994 according to a report from Reis. The rate of decline in rents has slowed marginally, prompting speculation about whether the sector is stabilising.
2 min read · 24 January 2013
The India-focused private equity and real estate firm's investment in Star Health and Allied Insurance is its maiden deal from India Advantage Fund Series 3.
2 min read · 24 January 2013
Starwood Capital Group has closed on more than $1.8bn of capital commitments for its Global Opportunity Fund VIII and almost another $1bn for its Hospitality Fund II. Both funds are believed to have closed under target.
2 min read · 24 January 2013
