The sovereign fund, whose portfolio recently recouped some of the value it had lost in the past fiscal year, has not made clear how its private equity investment strategy may shift.
2 min read · 21 January 2013
The Orlando-based real estate investment firm has acquired America’s Capital Partners’ GP stake in 22 office buildings and hired ACP co-founder Rudy Touzet as chief executive officer. ACP says deal is for LP interests held by chairman Allen de Olazarra.
2 min read · 21 January 2013
The Five Arrows’ series of funds has launched a private mortgage REIT with Shaner Hotel Group CEO Lance Shaner. The private real estate investment trust will target hotel first mortgages.
1 min read · 21 January 2013
SBZ, a Dutch pension scheme, is switching €135 million of direct investment in Dutch real estate for deployment in global markets via unlisted and listed funds.
1 min read · 21 January 2013
Former Prudential Real Estate Investors deal man joins the New York and Washington DC firm to manage its investment platform.
1 min read · 21 January 2013
Distressed property owners will be allowed to talk to special servicers about restructuring securitised loans before imminent default without triggering tax penalties. The move has criticised for reinforcing the “extend and pretend” attitude of the financial industry.
2 min read · 21 January 2013
The firm has agreed to buy up to 148 properties from Sunwest, which filed a pre-packaged Chapter 11 reorganisation plan in August. The SEC sued Sunwest for fraud in March after it almost devolved into a Ponzi scheme.
2 min read · 21 January 2013
The firm has already invested 20% of Fund III's committed capital. It has also fully realised the real estate portion of its debut fund.
2 min read · 21 January 2013
The firm has also shut down its $500m North American Infrastructure Fund. RREEF's real estate operations have not been affected.
2 min read · 21 January 2013
The asset management firm has hired Brahm Cramer, former co-head of Goldman Sachs’ Real Estate Principal Investment Area, and iStar financial president Jay Nydick to lead its new opportunity platform.
1 min read · 21 January 2013
