The San Francisco-based firm is seeking up to $500 million to invest in nonperforming residential and mixed-use real estate primarily in California, Arizona, Florida, Nevada and Texas. Encore Housing Opportunity Fund II will follow the same strategy as Fund I but with an expanded reach.
2 min read · 17 January 2013
The London and Hong Kong-based hedge fund manager is planning to wrap a $150m real estate opportunity fund around a strategy to unlock opportunistic returns from development and distressed real estate in Myanmar, Mongolia and Vietnam.
2 min read · 17 January 2013
The bank has bought a $100 million portfolio of assets in Paris despite a general approach of ‘caution’ towards Europe.
4 min read · 17 January 2013
A partnership between The Blackstone Group and Morgan Stanley has purchased a portfolio of distressed property loans in Australia from Lloyd’s Banking Group at a significant discount. The assets, valued at A$1.8 billion, were acquired on behalf of the firms’ respective global opportunistic funds, BREP VII and G7.
2 min read · 17 January 2013
The Chicago-based private equity real estate firm is expected to default on the debt backing a 95-property industrial portfolio and return the assets to lenders, as the bulk of the loans on the properties are scheduled to come due this week.
2 min read · 17 January 2013
The Los Angeles-based private real estate firm has attracted $1.4 billion in commitments to its commercial real estate debt investment vehicle and related sidecars. The firm is due to launch a successor fund early next year.
2 min read · 17 January 2013
With a new commitment to Hines, the bank is now focusing on Eastern Europe. PERE Magazine June 2012 issue.
1 min read · 17 January 2013
The Toronto-based global alternative asset manager has held a first close for its debut global real estate opportunity vehicle. This is the first time that the firm has offered discounts for investors in the initial close of a fund.
2 min read · 17 January 2013
The state retirement plan has approved a commitment of $75 million to LaSalle Asia Opportunity Fund IV, which is targeting up to $700 million.
2 min read · 17 January 2013
The $110 billion pension fund has contributed $150 million each to Apollo’s US Real Estate Fund and Westbrook’s Fund IX.
2 min read · 17 January 2013
