The $51 billion pension system has committed $75 million apiece to the latest real estate funds from Angelo, Gordon & Co., Exeter Property Group and Bell Partners.
2 min read · 17 January 2013
The Paris-based firm is looking to structure a six-year fund for investors keen on higher risk and return strategies.
2 min read · 17 January 2013
The San Francisco-based investment firm has purchased an office complex from LaSalle Investment Management for roughly $71 million and an office building from an AEW client for $79 million. Both purchases are investments of behalf of DivcoWest Fund III.
3 min read · 17 January 2013
The results of Ernst & Young’s latest US nonperforming real estate loan survey revealed that investors could see more opportunities to acquire commercial real estate debt in the year—if not years—ahead.
3 min read · 17 January 2013
A number of international organisations were in Cannes, France, this week to hear about an acute shortage of debt financing for European property.
2 min read · 17 January 2013
The real estate arm of the Texas-based financial services firm has acquired a minority stake in Square Mile in a move to help expand the New York real estate investment firm’s platform.
2 min read · 17 January 2013
Patrick Kanters, managing director of global real estate at APG Asset Management and recipient of the 2011 Global PERE Award for European Industry Figure of the Year, will replace current chairman Michael Morgenroth, effective late next month.
2 min read · 17 January 2013
Banks and other financial institutions were the most active sellers of fund interests last year, according to the latest findings from Landmark Partners.
2 min read · 17 January 2013
As part of its strategy to reduce its US assets, the troubled commercial real estate finance unit of Germany’s Commerzbank is seeking bidders for a portfolio of 12 US loans. The move follows closely on the heels of a $300 million US loan portfolio sale to The Blackstone Group.
1 min read · 17 January 2013
The Texas-based private equity firm and the Singaporean sovereign wealth fund told delegates at PERE’s panel at MIPIM today how a “profound” and “unprecedented” rush to core real estate has led them to seek opportunities in Europe’s secondary markets.
3 min read · 17 January 2013
