The investment management subsidiary of the US insurance company has allocated capital to core real estate vehicles sponsored by Morgan Stanley, Clarion and Invesco as it pursues an income-focused real estate strategy.
2 min read · 17 January 2013
Garth Peterson, the ex-Morgan Stanley Real Estate Investing (MSREI) managing director whose actions led to the division’s China platform to be subjected to a nine-month corruption probe in 2009, has pleaded guilty for his role in evading its internal controls for the purposes of personal gain.
3 min read · 17 January 2013
The senior principals of the placement agent have signed a separation agreement bringing the firm’s operations to a halt at the end of June ahead of launching separate businesses.
2 min read · 17 January 2013
Despite a greater shift toward core investments, investors said they were leaving the door open for opportunistic strategies in real estate, albeit with less of an appetite for leverage.
2 min read · 17 January 2013
In its annual report Money into Property, property services firm DTZ revealed that the value of invested stock in Asia Pacific was greater than that in North America for the first time. The firm also predicted Asia’s growth would continue to trend upwards.
2 min read · 17 January 2013
Peakside Capital’s €261m European real estate opportunity fund, inherited as part of its spin out from Bank of America Merrill Lynch Global Principal Investments, is closer to being fully invested following the acquisition of the German headquarters building of chemical group Solvay.
2 min read · 17 January 2013
Two fund managers combine to pool distribution resources targeting Italian investors for international funds, and international investors for Italian funds.
2 min read · 17 January 2013
The Bethesda, Maryland-based real estate investment management firm has appointed Andrew Dietz as head of marketing and client service for institutional investors. Dietz joins ASB after serving as managing director at KBW and Eastdil Secured.
2 min read · 17 January 2013
The Morristown, New Jersey-based real estate firm has acquired 1370 Broadway in Times Square on behalf of Normandy Real Estate Fund II.
1 min read · 17 January 2013
The global asset management firm has appointed Jonathan Matson to coordinate the distribution and sale of Aberdeen Property Funds available to US and Canadian investors.
2 min read · 17 January 2013
