The Ontario Municipal Employees Retirement System’s real estate arm will reportedly be the lead equity partner with Related Companies for a $15bn development of Manhattan’s Hudson Yards, after Goldman Sachs Real Estate Principal Investment Area withdrew from the deal.
2 min read · 24 January 2013
Private equity and private equity real estate firms should be encouraged to mount bank recapitalisation JVs, mirroring FDIC-initiated structured sales of failed financial institutions.
3 min read · 24 January 2013
The House bill will tax 75% of carried interest as ordinary income at a rate of 35%, and the balance as capital gains at 15%. The bill now goes before the Senate.
2 min read · 24 January 2013
The New York-based firm, which is preparing to raise its third fund, may seek out a large investor to buy a stake in its management company and anchor its fundraise.
2 min read · 24 January 2013
The New York-based firm has started to invest MSREF VII Global –primarily targeting the US, Western Europe and Japan – after allowing LPs to reduce commitments to the new fund. In an exclusive interview with PERE, the firm said: ‘There is a real chance to make a lot of money for our investors’.
3 min read · 24 January 2013
The Chicago-based real estate firm has hired Jim Evans as chief investment officer, following the departure of Ross Satterwhite, who left to pursue other interests.
2 min read · 24 January 2013
Lehman Brothers Holdings has reportedly won court approval to restructure the debt load of apartment complex owner Archstone Smith. Lehman, which acquired Archstone with Tishman Speyer for $22bn in a 2007 take-private, had already restructured $485m of Archstone’s debt last March to ease the apartment owner’s liquidity problems.
2 min read · 24 January 2013
San Francisco-based secondaries specialist Liquid Realty Partners has hired former Morgan Stanley dealmaker Mark Degner as managing director of acquisitions, to replace former CIO Jeff Giller.
1 min read · 24 January 2013
The New York-based private equity real estate firm has teamed up with developers in Kentucky and Texas to acquire and develop student housing near public universities in the US. The firm hopes to close another five to eight by the end of the year.
2 min read · 24 January 2013
The Los Angeles-based private equity real estate firm has broadened the investment remit of its New Zealand-focused opportunity fund to include Australian and US investments too.
2 min read · 24 January 2013
