The multifamily investor has closed its second value-added fund after eight months of fundraising. One investor committed $75m to the vehicle.
1 min read · 21 January 2013
Vacancy rates for rental apartments in the US increased 1.2% over the past year to 7.2% – levels not seen since 2004. Rising inventory levels are pushing rents down to levels not seen in the past decade.
2 min read · 21 January 2013
The real estate investment and development firm can appeal a US court ruling that would force it to repay millions of dollars in rent overcharges. The ruling had brought into question the strategy of converting rent stabilised apartments in New York to market rates.
3 min read · 21 January 2013
Norway’s ministry of finance has signalled its intention to delay its real estate investment plans as global market conditions continue to deteriorate. The €267bn pension has allocated 5% to real estate, but said it will not impose a 'fixed investment plan' in the current environment.
2 min read · 21 January 2013
New guidelines announced by the Financial Accounting Standards Board, in response to recent pressure amid increasing write-downs and stock drops, will give GPs more room to manoeuvre in pricing investments.
2 min read · 21 January 2013
At a special breakfast meeting, PERE assembled a cross-section of industry participants to swap notes on MIPIM and their businesses. By Robin Marriott and Jonathan Brasse. PERE Magazine, April 2009 issue
8 min read · 21 January 2013
PERE Magazine, April 2009 issue
2 min read · 21 January 2013
The Boston skyscraper was sold for a reported $20.1m, plus the assumption of a $640.5m mortgage, after Broadway Partners defaulted on a loan. Broadway paid $1.3bn for the skyscraper and two other buildings in 2006.
2 min read · 21 January 2013
Nick Gaynor, Deutsche Bank’s head of financial sponsor coverage for the EMEA region, has joined the subsidiary alternatives firm to lead its charge into private equity direct and co-investments.
1 min read · 21 January 2013
For private equity, Obama administration policy proposals have been big news – some of it good, some of it worrying.
3 min read · 21 January 2013
