The New York State Common Retirement Fund has assets valued at $110bn, down from $154bn about a year ago, due in part to a 32.6% decline in the value of its real estate portfolio.
2 min read · 21 January 2013
The US arm of the British property company led by the Duke of Westminster has also postponed its US multifamily fund amid ‘inauspicious markets’. The firm though has acquired a portfolio of senior loans on land and residential homes in Atlanta.
2 min read · 21 January 2013
A survey by Ernst & Young suggests the ability to refinance maturing debt on commercial properties in the next 12 to 18 months is the single most important concern in today’s market.
2 min read · 21 January 2013
Fortress, Lightyear Capital and Crestview Partners comprise the latest private equity consortium to purchase equity stakes in a US government-backed bank.
2 min read · 21 January 2013
The Newport Beach, California-based firm has reduced the target for its value-added fund to $600m from $1bn, according to pension fund documents.
2 min read · 21 January 2013
Boston-based Alcion Ventures has joined forces with development and property management company Golub & Company to target real estate debt and equity opportunities.
2 min read · 21 January 2013
New York-based Apollo Global Management has assembled a core group of real estate professionals from Barclays Capital, Goldman Sachs and the forerunner to AREA Property Partners to help spearhead future investments as the firm readies itself to raise an opportunistic private equity real estate fund later this year.
2 min read · 21 January 2013
Blackstone, Carlyle, Centerbridge and WL Ross have joined forces with several co-investors – including UK charity The Wellcome Trust – to buy failed Florida-based BankUnited. The FDIC is currently evaluating 'the appropriate terms' to let more private equity firms acquire failed depository banks.
2 min read · 21 January 2013
A $1.1 billion decline in the value of real estate investments at the Canada Pension Plan Investment Board has contributed to record losses.
1 min read · 21 January 2013
The UK-focused vehicle attracted more than 30 investors and hopes to take advantage of depressed valuations.
1 min read · 21 January 2013
