Tokyo-listed private equity real estate firm Secured Capital Japan closes on more than half of its capital raising target for its first distressed debt fund. The fund will run concurrently with SCJ's 4th opportunity fund.
2 min read · 24 January 2013
Morgan Stanley Real Estate Investing has just closed its latest opportunity fund on $4.7bn. In closing the largest private equity real estate fund post-Lehman, MSREI is refocusing attention on its future, rather than the recent past. MSREI CEO Owen Thomas and CIO Jay Mantz talk about the challenges of the past 18 months – and how the New York-based platform is investing its capital once again.
10 min read · 24 January 2013
The amount of troubled US real estate rose roughly 40 percent in April, due largely to a higher volume of CMBS restructurings. New loan modification rules are said to have contributed to the $12.8bn of new distress observed last month, the largest increase so far this year.
2 min read · 24 January 2013
The trio of investors won the auction for bankrupt hotel chain Extended Stay with a $3.92bn bid, beating rival Starwood Capital and TPG.
2 min read · 24 January 2013
The New York-based firm has started to invest MSREF VII Global –primarily targeting the US, Western Europe and Japan – after allowing LPs to reduce commitments to the new fund. In an exclusive interview with PERE, the firm said: ‘There is a real chance to make a lot of money for our investors’.
3 min read · 24 January 2013
Littlejohn’s fourth fund, which is targeting $1.3bn, invests in mid-market firms that are underperforming or financially distressed.
1 min read · 24 January 2013
With a wave of commercial real estate debt restructurings building, real estate veterans warn first time investors to be prepared for a steep learning curve and the impact of massive fees on returns.
2 min read · 24 January 2013
The Los Angeles-based private equity real estate firm has broadened the investment remit of its New Zealand-focused opportunity fund to include Australian and US investments too.
2 min read · 24 January 2013
Private equity distressed players are finding good returns by helping to capitalise small, distressed businesses, and by scouting for buyout-backed companies being groomed for exit.
2 min read · 24 January 2013
The Beverly Hills-based investment firm has entered into an equity joint venture with debt shop PCCP to acquire the Summer House apartment complex in Alameda for $86m.
2 min read · 24 January 2013
