The White Plains, NY-based real estate investment trust, which has a private fund arm, has exceeded its $500 million target for its opportunistic and value-added fund just three months after the vehicle’s launch.
2 min read · 17 January 2013
The ex-head of China at Morgan Stanley Real Estate Investing (MSREI) has received a sentence of nine months in prison for evading the internal controls of the platform’s Wall Street bank parent and for violating the US Foreign Corrupt Practices Act.
3 min read · 17 January 2013
The Government Pension Fund of Thailand is set to make its first significant step towards becoming a global real estate investor with the appointment of Cleveland-based Townsend Group to deploy $250 million into core and special situations funds in North America, Europe and Asia.
2 min read · 17 January 2013
Deal marks the genesis of a joint venture partnership between South Korea’s $320 billion state pension fund and ASX-listed property company and fund manager DEXUS Property Group.
2 min read · 17 January 2013
Otis Spencer and Dennis Dart, Heitman's co-head of Europe and in-house legal counsel respectively, have left the company to form KSP Real Estate Investment Management with backing from billionaire businessman Jan Kulczyk and Larry Silverstein, the developer of the World Trade Center.
1 min read · 17 January 2013
The Baltimore-based investment manager has raised $276 million for its latest value-add real estate fund from investors such as the West Virginia Investment Management Board, the Montana Board of Investments and Baltimore City Fire and Police.
2 min read · 17 January 2013
Mahesh Katkar, a former JPMorgan real estate manager, joins the Los Angeles-based investment giant’s Strategic Partners division amid fundraising for Fund VI.
2 min read · 17 January 2013
The Miami-based firm already has invested nearly half of its latest value-added vehicle, which gives it about $1 billion in buying power for distressed office assets.
2 min read · 17 January 2013
Susan Lloyd-Hurwitz, LaSalle Investment Management’s European MD, is to become CEO and MD of Sydney-based developer and investor Mirvac Group. She replaces current CEO Nick Collinshaw.
2 min read · 17 January 2013
The $23.1 billion pension system is eyeing an expansion into real estate debt and plans to hire one or more managers to oversee a $200 million mandate.
2 min read · 17 January 2013
