The ultra and high-net-worth community shrank by 25% and 15% respectively in 2008, according to the latest Merrill Lynch/Capgemini world wealth report. However, the allocation to real estate rose by 4% – despite a general move towards liquid assets.
2 min read · 21 January 2013
The Toronto-based fund manager is expected to launch its third residential vehicle this summer, targeting multifamily investments in key Canadian cities.
1 min read · 21 January 2013
US pension fund Maine PERS has called in outside help to invest the remaining 5 percent of its targeted allocation to real estate. According to reports, this could lead to expanding the pension fund’s investment horizon from core style investing to opportunistic.
1 min read · 21 January 2013
The Irvine, California-based real estate investment firm is focusing its latest value-added and core-plus vehicle on US office and industrial assets.
1 min read · 21 January 2013
Prudential Real Estate Investors is raising its fourth vehicle in the PLA Residential fund series, which have previously targeted Latin America. It comes as the PLA Fund III (Chile) fund buys an 18% stake in Chilean developer Paz Corp.
1 min read · 21 January 2013
The real estate arm of the US conglomerate has created a new role for veteran Skip Wells – as fund manager for senior secured debt investments. Wells was previously managing director of originations with the real estate team, part of GE Capital.
1 min read · 21 January 2013
Internos Real Investors, the London-based private equity real estate firm that is raising its debut fund, has made Richard Peskin chairman following his appointment as capital partner in March.
1 min read · 21 January 2013
After TARP, TALF and PPIP, what the US banking system really needs is an RTC to clean up toxic real estate loans, says Zoe Hughes
2 min read · 21 January 2013
China’s $200bn sovereign wealth fund is hiring globally for 33 positions across 13 departments, including real estate.
1 min read · 21 January 2013
Investment firms with assets over a ‘modest threshold’ will need to register with the SEC, according to a proposal released last night by the White House. The plan comes a day after a Senate bill set $30m as the line above which all firms would need to register.
2 min read · 21 January 2013
