The US property fund manager said the new business would assess corporate level acquisitions as well as debt and equity opportunities in a move towards higher risk, higher return strategies. Separately, LaSalle has plugged a gap in its European coverage by opening an office Milan led by former Redevco executive Francesco Coviello.
2 min read · 22 January 2013
Kuwait-based Global Investment House has launched its second Shariah-compliant real estate fund targeting property investments in the Middle East.
2 min read · 22 January 2013
The US senior housing real estate investment trust, American Land Lease, is the latest company to announce a strategic review of its assets, including a possible sale of its properties. Since the start of 2008, the US REIT benchmark index, the FTSE NAREIT All REIT Index, has fallen 5.5 percent.
2 min read · 22 January 2013
Penn National will receive $225m in cash and $1.25bn in preferred shares after the Fortress and Centerbridge-led deal to buy the casino and race-track company was terminated. Penn said a ‘re-negotiated, reduced purchase price was not a viable option.’
2 min read · 22 January 2013
As Japanese REITs continue trading at an average 35 percent discount, the Japan and California-based firm says it is creating a $450m vehicle to acquire them. Dalton says it is looking to buy mid-sized REITs.
1 min read · 22 January 2013
Limited partners are starting to reduce the number of relationships with fund managers. And as investors start shedding the pounds, private equity real estate secondaries are getting ready to pick up the slack. By Zoe Hughes
5 min read · 22 January 2013
Capital Watch 2008-07-01 Staff Writer <strong>FUNDS IN MARKET/COMING TO MARKET</strong><br /> <table> <tbody> <tr> <td><strong>FUND</strong></td> <td><strong>FIRM</strong></td>
10 min read · 01 July 2008
Ex-AIG hotels head Keith Lindsay has joined Central Eastern European developer and asset manager Orco to run its hospitality division.
6 min read · 22 January 2013
The number of funds targeting less than $1 billion of equity commitments has increased by almost one fifth to 128 in the first quarter of this year, with managers’ focus firmly pointed towards Asian real estate, according to research by New York-based fund of funds Clerestory Capital Partners.
2 min read · 22 January 2013
The private equity firm launched by former Grubb and Ellis chairman Anthony Thompson hires ex-Renaissance Senior Living exec Lauri Schutz as the fund’s chief financial officer.
1 min read · 22 January 2013
