China-focussed private equity firm is in discussions to buy the first three assets for its newly launched CITIC Capital China Real Estate Investment Fund III, following the close of the $400m fund last month.
1 min read · 21 January 2013
The popularity of value-added funds has declined by more than a quarter among European investors in the past year, according to an industry report. However core funds are in the ascendency while demand for opportunity funds remains stable.
2 min read · 21 January 2013
The Los Angeles-based private equity firm has joined forces with California developer the Ryland Group to acquire and develop residential lots. Oaktree plans to exit the investments by selling finished lots to developers, including Ryland.
1 min read · 21 January 2013
London-based Benson Elliot has raised €510 million for Benson Elliot Real Estate Partners III, its second fund. Marc Mogull, founder, says the next few years will offer a ‘once in a generation opportunity’.
2 min read · 21 January 2013
Fair value, as defined by the Financial Accounting Standards Board, is the price that an asset would fetch if sold today in an orderly transaction between willing market participants and in the most advantageous market for the asset. PERE Magazine February 2009 issue.
2 min read · 21 January 2013
Fund managers say the private equity and real estate markets are entering a new paradigm, with fees one area set for potential change. Fees, one GP said, had gotten “out of hand”.
2 min read · 21 January 2013
The Fides Real Estate Direct Lending and Distressed Opportunity Fund will launch next month in search of up to $300m. The fund is led by Hagop Sargisian and Jose Quesada.
1 min read · 21 January 2013
Residential developers are starting to raise prices on distressed housing stock sales in a ‘clear early sign’ that the housing market is reaching the bottom, says property investment company, Assetz. House prices at auctions also appear to have started to plateau since the New Year, according to the same firm.
3 min read · 21 January 2013
Private equity and foreign investors will gain ‘traction’ in 2009 as the real estate markets deleverage. The US market will be a particular target, according to a Jones Lang LaSalle study. Borrowers could struggle to refinance loans in 2009 and 2010, even if the 'underlying property is performing'.
2 min read · 21 January 2013
The Dutch bank, with €72bn of real estate assets under management globally, has also parted company with its chief executive after revealing a €1bn loss during 2008.
2 min read · 21 January 2013
