The New York-based firm says it is ‘transitioning’ out of the property management business and will select third party managers instead.
1 min read · 21 January 2013
Stephen Coyle, chief investment officer for Cohen & Steers' real estate funds of funds business, says many private funds will become 'zombies' as they attempt to hang onto over-levered assets with declining values.
2 min read · 21 January 2013
The US financial services giant has received government approval for its lending unit, Prudential Mortgage Capital, to start lending on Japanese real estate.
2 min read · 21 January 2013
The US government should introduce a programme to help commercial real estate investors with performing loans refinance debt that is coming due warning the asset class would be the “second shoe to drop”.
1 min read · 21 January 2013
The Colony Capital-backed hotel owner, the largest in Europe, has sold a portfolio of budget hotelF1s in a €272m sale-leaseback deal.
2 min read · 21 January 2013
Former Lehman Brothers, UBS and ING REIM man Wilson Lee sets up his own platform targeting real estate debt and direct investments in Western Europe. First Growth Real Estate Capital will operate from London and Paris.
2 min read · 21 January 2013
The Chicago-based firm has been appointed by the Teacher Retirement System of Texas to co-invest in opportunities in North America first and then on a global basis.
2 min read · 21 January 2013
Club-style vehicles have won plaudits for attracting otherwise unsure investors. But will sellers be impressed? By Jonathan Brasse
3 min read · 21 January 2013
The US firm reveals its first UK dedicated strategy saying it hopes to build a portfolio with ‘low levels of depreciation’ and ‘volatility’.
1 min read · 21 January 2013
No-one from Prospect Acquisition Corp, the $248m blank-cheque company that has acquired Kennedy Wilson, will be joining the firm following the deal, PERE has been told.
2 min read · 21 January 2013
