As the US property market continues to deteriorate, research by fund manager RREEF reveals that value-added and opportunistic strategies should be treated with ‘caution’. However, desperate sellers will produce ‘attractive opportunities’ for some.
2 min read · 21 January 2013
The popularity of value-added funds has declined by more than a quarter among European investors in the past year, according to an industry report. However core funds are in the ascendency while demand for opportunity funds remains stable.
2 min read · 21 January 2013
AEW Europe has sold an asset in Hamburg acquired for its €759m European Property Investors fund, the predecessor to its second opportunity fund, which raised €788m last year.
1 min read · 21 January 2013
The private equity real estate firm, which last year hired 10 RREEF executives, is targeting IRRs of 16% for its first value-added fund. The firm has also just refinanced a mixed-use redevelopment joint venture in New Jersey for $70m.
2 min read · 22 January 2013
The Helios AR Real Estate Fund I will focus on investments in the Southeast and Mid-Atlantic US across the office, industrial, retail and related property sectors. Chairman and CEO Michael Adler said market conditions made it important to have discretionary funds available.
1 min read · 22 January 2013
The US arm of ING Real Estate has closed its Clarion Development Ventures III fund, which will target all property sectors in the US, including distressed land sales.
1 min read · 22 January 2013
The New York-based firm has closed its Apollo Value Enhancement Fund VII, bringing its value-added investment fund series to $2.7bn in total committed equity.
1 min read · 22 January 2013
Global real estate firm Hines has closed an $828m value-added fund—its second fund targeting office properties in the US.
1 min read · 22 January 2013
The Dutch institutional real estate manager is departing from its usual strategy to meet investor demands for diversification and higher returns.
1 min read · 22 January 2013
Value-added funds in Europe are having an easier time deploying capital than opportunity or core funds, according to a survey released by a European trade organization.
2 min read · 22 January 2013
