PERE recently caught up with Perseus Realty Partners founder Paul Dougherty, who talked about Washington's “other” economy, the firm's relationship with parent company Perseus Capital and what it could do with the surplus real estate of the Hagar slacks company. By Aaron Lovell
9 min read · 22 January 2013
Westport Capital Partners has made two acquisitions in the US healthcare market this summer—joining a slew of other private equity firms that are pumping capital into the sector.
4 min read · 22 January 2013
The Southern California plant nursery operator, partly owned by CalSTRS, has selected turnaround specialist Black Diamond as its stalking horse bidder. Hines has also secured $62 million in debtor in possession financing from its lenders, which include Cerberus-owned GMAC Commercial Finance.
2 min read · 22 January 2013
The Miami, Florida-based firm has launched its fourth real estate vehicle to target distressed or under-managed office properties in the southern US region. The vehicle will also consider multifamily investments with ‘extreme distress.’
2 min read · 22 January 2013
Though property sales are healthy in Japan, the balance sheets of many Japanese developers are not.
2 min read · 22 January 2013
The US’ third largest public pension has disclosed commitments in a mix of private equity and real estate funds, including two Lone Star funds.
1 min read · 22 January 2013
The international property investor is seeking to raise $350m for a US opportunity fund and more than $200m for a vehicle targeting both the US and Europe.
2 min read · 22 January 2013
Former IBM chief Louis Gerstner will step down as the global private equity and real estate firm’s chairman after five years. He will remain a senior advisor to the firm’s Asia, Europe, Japan and US buyout funds.
2 min read · 22 January 2013
The $72.3bn US pension joins a raft of North American funds recording losses for the year to June 30. Once again real estate was the best performing asset class returning 8.74%, followed by fixed income and private equity.
2 min read · 22 January 2013
The Teachers’ Retirement System is reviewing its real estate allocations for the next five years as part of an annual review of commitments. The pension fund will also focus more effort on emerging managers.
1 min read · 22 January 2013
