The trio of investors won the auction for bankrupt hotel chain Extended Stay with a $3.92bn bid, beating rival Starwood Capital and TPG.
2 min read · 24 January 2013
Private equity real estate fund managers in Europe have had no single voice to argue against the worst elements of the EU’s AIFM directive. They may repent at leisure.
3 min read · 24 January 2013
Private equity and private equity real estate firms should be encouraged to mount bank recapitalisation JVs, mirroring FDIC-initiated structured sales of failed financial institutions.
3 min read · 24 January 2013
The House bill will tax 75% of carried interest as ordinary income at a rate of 35%, and the balance as capital gains at 15%. The bill now goes before the Senate.
2 min read · 24 January 2013
UK watchdog OFT is launching the first ever ‘stock take’ on the nation’s infrastructure
2 min read · 24 January 2013
The European Association for Investors in Non-listed Real Estate Funds says work on the forthcoming regulation affecting alternative fund managers will be a priority for the organisation this year.
2 min read · 24 January 2013
Placement agent Alfred Villalobos has accused California’s attorney general of trying to ‘deprive’ him of the means to support himself and prepare a defense.
2 min read · 24 January 2013
With a wave of commercial real estate debt restructurings building, real estate veterans warn first time investors to be prepared for a steep learning curve and the impact of massive fees on returns.
2 min read · 24 January 2013
A new tax idea from two US lawmakers finally recognises the true nature of carried interest.
2 min read · 24 January 2013
The crafters of the AIFM have good intentions, but they must be shown that key proposals of this directive benefit no one and may create a Kafkaesque business environment, writes David Snow.
3 min read · 24 January 2013
