Simon Marriott, MGPA’s head of UK acquisitions jumps ship to join Oxford Properties, the real estate arm of the Canadian pension fund Ontario Municipal Employees Retirement System.
1 min read · 24 January 2013
The Lone Star Real Estate Fund is acquiring Lodgian, which operates 34 assets, for $270 million including debt Lone Star Funds is making an investment in the US hotel sector via its Lone Star Real Estate Fund.
1 min read · 24 January 2013
The White House hopes to ‘put an end to the risky practices that contributed significantly to the financial crisis’ by forbidding commercial banks from owning private equity or hedge funds.
2 min read · 24 January 2013
Convergence takes place among placement agents as a US firm forms a strategic alliance with a European firm, giving access to a wider investor base and a combined house with 60 staff
2 min read · 24 January 2013
A $209m stalking horse offer to buy 134 senior living facilities is to be recommended to bankruptcy court. The deal would also include the assumption of $945m in debt. The SEC alleged Sunwest was a “virtual Ponzi scheme” in 2009.
2 min read · 24 January 2013
With just 48 hours until polls close, several tight races have emerged; including Rockwood and Starwood fighting for North America fund of the year, and Benson Elliot, Mountgrange and Orion in Europe fundraise of the year.
2 min read · 24 January 2013
The annual survey of foreign investors in US real estate reveals the country is deemed the best global opportunity for capital appreciation, followed by the UK.
2 min read · 24 January 2013
The India-focused private equity real estate firm has appointed Raj Inamdar as a principal in charge of creating new business initiatives as it nears the launch of its second opportunity fund.
1 min read · 24 January 2013
The real estate investment management arm of property services firm Cushman & Wakefield has won a mandate from Swedish pension Alecta Investment Management to manage a portfolio of offices and warehouses in France.
1 min read · 24 January 2013
Amid 5,000 pages of documents released by CalPERS, it was revealed Capmark paid Credit Suisse a one-time fee of $27m for one fund, while RLJ paid Presidio $10.6m for two vehicles, including $1.7m for CalPERS' commitments.
3 min read · 24 January 2013
