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
Profits in the fourth quarter for the New York-based firm, which manages more than $1tn in assets, were hit especially hard by hedge fund and real estate losses.
2 min read · 21 January 2013
The distressed buyout firm’s acquisition of nearly 70% of First Bank & Trust could lead to further banking asset purchases in the future.
1 min read · 21 January 2013
Ian Jackson has been hired as a director for The Carlyle Group's distressed and corporate opportunities arm. He will be 'deployed' to help invest the firm's latest distress fund, Carlyle Strategic Partners II, which closed on $1.35bn in April 2008.
1 min read · 21 January 2013
The $63.9bn US pension fund said it was planning to pull back on a proposed $150m commitment to Morgan Stanley’s $10bn global fund, blaming declining property prices and increasing debt opportunities. The fund is also looking to withhold a $100m planned commitment to an AEW open-ended fund.
2 min read · 21 January 2013
The latest NCREIF/Townsend Real Estate Fund indices shows opportunistic funds down 12.3% in the three months to September, with value-added funds down 3%. In the year to September 2008, opportunity funds were off 13.1%.
2 min read · 21 January 2013
Seth Lieberman is heading up the new global real estate fund of funds platform for Italian firm, Advanced Capital, having most recently served as managing director of real estate finance for Europe, the Middle East and Africa at Swiss banking giant UBS.
2 min read · 21 January 2013
Standard & Poor’s has a bleak outlook for the US retail sector in 2009. The ratings agency has ranked three retail companies backed by private equity firms at risk of defaulting on their debt payments.
3 min read · 21 January 2013
