After securing backing from local pension plans, the joint venture between first-time fund manager Pienssa and developer Prodesa is seeking capital from US investors.
3 min read · 27 August 2013
Immediately after putting its ‘National Office Portfolio’ up for sale, the Los Angeles-based firm is now putting an even larger portfolio of US offices on the market.
2 min read · 27 August 2013
Hallandale, Florida-based Beacon Investment Properties is poised to purchase the IDS Center in downtown Minneapolis for $255 million. The deal comes on the heels of Angelo Gordon and City Center Realty Partners buying a nearby downtown tower for nearly $44 million.
2 min read · 27 August 2013
Even with $3 trillion in reserves, China’s institutional investors are ‘conservative’ when it comes to investing in private equity real estate, and it could take several years for China’s LPs to get comfortable with real estate investing, delegates heard at the PERE Asia Summit.
2 min read · 27 August 2013
The Minneapolis-based alternative investment manager has provided $421 million in US and Canadian properties towards the IPO of Agellan Commercial REIT, giving CarVal a 26.5 percent interest in the new Canadian REIT.
2 min read · 27 August 2013
The Texas-based private equity firm plans to buy the distressed senior-living operator and its 210 properties for less than half the basis of typical senior housing acquisitions.
2 min read · 27 August 2013
The global head of real estate at The Blackstone Group told delegates at PERE’s sixth annual conference how the firm’s competitors have dissipated just as the world’s real estate markets throws up compelling opportunities.
3 min read · 27 August 2013
The University of Texas Investment Management has revealed that its pipeline of investments include a pan-European opportunistic real estate fund anda country-specific manager in Germany.
2 min read · 27 August 2013
The New York-based real estate investment manager has bought an eight-story asset located at 701 8th Street for nearly $100 million.
1 min read · 27 August 2013
The $38.1 billion pension system has tapped two consultants to assist in the creation of a new real estate co-investment program.
2 min read · 27 August 2013
