The traditional private equity real estate business model of allocating capital to operators for deals – thereby charging double promotes – doesn’t work universally anymore, according to Castle Hill founder and former Perry Capital executive, Robert Stern.
3 min read · 24 January 2013
It’s ultimately in the best of interests of fund managers to accept tax increases, such as the UK's new 28% capital gains rate, and move on.
3 min read · 24 January 2013
Under a compromise between the US Senate and House of Representatives, most private equity funds will have to register with the SEC, while venture capital firms will be exempt.
2 min read · 24 January 2013
Headed by Novera Energy founder David Scaysbrook, the team will make direct investments in areas including wind farms and solar projects.
2 min read · 24 January 2013
Olivier de Poulpiquet, head of Europe, Middle East and Africa for Morgan Stanley Real Estate Investing, said the firm was currently working with a large European bank looking to deal with its loan book.
2 min read · 24 January 2013
Heitman chief executive officer Maury Tognarelli warned that the need for US banks to protect their balance sheets, coupled with regulatory pressure, is preventing financial institutions from foreclosing on troubled assets. This phenomenon could last up to four years, he said, but opportunities for deals should emerge in the next 12 to 18 months.
2 min read · 24 January 2013
The Chicago-based firm is raising its third fund, targeting $500m of equity and focused on off-campus student housing, senior housing, medical offices and storage properties.
2 min read · 24 January 2013
The Greenwich, Connecticut-based firm is very “bullish” on the Brazil hospitality scene – and is planning to open an office in the country, possibly in Sao Paulo, by this summer. Three to five people are expected to work there.
2 min read · 24 January 2013
A re-tooled version of the bill will likely face another vote on Friday as senators continue to negotiate.
2 min read · 24 January 2013
Under a compromise between the US Senate and House of Representatives, most private equity funds will have to register with the SEC, while venture capital firms will be exempt.
2 min read · 24 January 2013
