The Washington DC-based private equity real estate firm has closed the deal to acquire developer and operator, American Community Properties Trust, through its $240m FCP I fund.
1 min read · 24 January 2013
A heated battle has emerged for PERE’s prestigious title of global industry figure of the year between Lone Star’s John Grayken, Starwood’s Barry Sternlicht, CIC’s Lou Jiwei and Vision Brazil Investment’s Rodrigo Abbud.
2 min read · 24 January 2013
The investment gives the firm a 9.4 percent stake in the listed conglomerate and will be used to finance the expansion of the company’s insurance and healthcare businesses.
2 min read · 24 January 2013
Interviewed at the PERE Breakfast Club: ULI 2009, William Scully, managing director of Cerberus Real Estate Capital Management, and Shorenstein Properties president Glenn Shannon search for real estate clarity.
2 min read · 24 January 2013
PERE takes a look at the major themes that shaped the global real estate industry in 2009, as well as some encouraging indicators for the year ahead. By Zoe Hughes
6 min read · 21 January 2013
The New York-based firm has $95m of dry powder ready to target deals in 2010. Off campus housing near public US universities will be the firm’s primarily focus, as it deploys capital from its first institutional fund.
3 min read · 21 January 2013
Interviewed at the PERE Breakfast Club: ULI 2009, John Kukral, president of Northwood Investors, and Partners Group’s chief strategist for private real estate, Nori Gerardo Lietz, argue surprises are in store for GPs in 2010.
2 min read · 21 January 2013
Two US economists have released a thought piece making the case for repealing FIRPTA, citing potential benefits to the commercial real estate market, productivity gains for commercial real estate-related businesses and increased funding for the US current-account deficit.
3 min read · 21 January 2013
After a wave of blind pool mortgage REITs hit the public market this summer, retail and institutional investors became more selective about the firms they backed. That will continue into 2010, argues Mayer Brown’s Ed Schneidman.
4 min read · 21 January 2013
Interviewed at the PERE Breakfast Club: ULI 2009, Kelly DePonte, partner at Probitas Partners, and BPG CEO Dan DiLella, expect the real estate bottom to be a bumpy ride.
2 min read · 21 January 2013
