Having recently snapped up the Hyatt Regency Milwaukee in September, Atlanta-based Noble Investment Group is continuing on its shopping spree with another hospitality acquisition in Dallas.
2 min read · 22 January 2013
Following a string of healthcare-related private equity real estate deals this year, New York-based alternative investment firm Angelo Gordon has acquired a provider of home healthcare and nursing services in the US.
2 min read · 22 January 2013
The Washington State Investment Board has said private equity outperforms ‘traditional investments’ and upped its allocation target for the asset class to 25 percent. The US pension also increased its real estate allocation from 12 percent to 13 percent and created a 5 percent allocation for ‘tangible assets’, which include infrastructure investments.
2 min read · 22 January 2013
The US investment fund will reportedly sell the 55 hotels it owns in Japan through Solare Hotels and Resorts.
1 min read · 22 January 2013
Bleak economic data has sent US stock markets tumbling – taking Blackstone and Fortress along with – one day before markets close for the Thanksgiving holiday.
2 min read · 22 January 2013
The private equity firm that made its name turning around the Japanese bank has returned to bail out a beleaguered Shinsei with the largest-ever private equity deal in the Japanese banking sector.
2 min read · 22 January 2013
San Francisco-based placement agent Probitas Partners has added a new vice president in an effort to expand its real estate team.
2 min read · 22 January 2013
A new tax on carried interest would be ‘a lot bigger than just private equity’, according to Phillips Hinch, a tax specialist with the US Chamber of Commerce, which recently released the second half of its study on proposed policy changes to carried interest taxation. Hinch tells PEO's Amanda Janis why the chamber opposes a change to carried-interest tax policy.
3 min read · 22 January 2013
Two US Congressional committees will hold hearings on private equity ownership of nursing homes tomorrow; a REIT executive is the only finance-industry representative scheduled to testify.
3 min read · 22 January 2013
Participants at the 2007 PERE Forum in New York discussed the credit crunch and the outlook for US private equity real estate performance, but much of the talk centered on investor enthusiasm for emerging markets property.
2 min read · 22 January 2013
