The flow of private real estate firms launching public debt REITs has increased again, after the New York-based firm filed an IPO for Ladder Capital Realty Finance. The vehicle will primarily originate first mortgages and target some CMBS, B-notes and mezzanine loans.
2 min read · 21 January 2013
The $200bn Chinese sovereign wealth fund is poised to buy a 40% stake in Chinese private equity and real estate firm, CITIC Capital, in its first domestic investment in a fund management platform. The Beijing-based fund purchased a stake in The Blackstone Group last year.
2 min read · 21 January 2013
Former Fannie Mae chief executive officer Daniel Mudd will lead the New York-based private equity, real estate and hedge fund manager. It is part of a main board reshuffle aimed at enabling senior executives to focus on the group’s portfolio.
2 min read · 21 January 2013
The US lobbying group for a dozen or so mega-firms is keen to support new regulations in the States, but warns the bulk of the US private equity and private equity real estate industry may be adversely affected by proposed registration requirements.
2 min read · 21 January 2013
Richard Levin, president of Yale University, said the investment model designed by David Swensen had performed ‘spectacularly well’ for the endowment despite a 30% decline in value in the last fiscal year, according to a Bloomberg report.
2 min read · 21 January 2013
The Association of Real Estate Funds (AREF), which represents UK unlisted vehicles, and the Property Industry Alliance (PIA), made up of various UK property associations, have fired off letters to the Treasury in London and the UK’s Financial Services Authority amid concerns about a European Union draft directive that has huge implications for private equity real estate funds operating in Europe.
3 min read · 21 January 2013
Prudential Real Estate Investors chief Allen Smith said the firm would look to sell in ‘excess of $1bn’ of US properties this year to boost liquidity in its funds. The CEO added that there were ‘encouraging signs’ in the transactions market with some properties attracting high prices and some a high volume of bids.
2 min read · 21 January 2013
The New York-based real estate firm has bought a seven building portfolio of industrial buildings with Westcore Properties for an undisclosed sum.
1 min read · 21 January 2013
The Washington DC-based firm has appointed Bob Bartlett as marketing and investor relations director.
1 min read · 21 January 2013
As events in the US draw the conduct of placement agents into the limelight, research conducted by PEI Media shows that many LPs find it hard to tell the genuine article from the so-called 'finders'.
2 min read · 21 January 2013
