Morgan Stanley Investment Management related stories
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MSREF: Opportunities will emerge from J-REIT consolidationAs Morgan Stanley Real Estate Investing looks to invest its $4.7bn opportunity fund, the firm’s CEO of Japan, Yoshihiko Shigenari, says ‘speed and leverage’ are no longer the most critical elements of a deal. In China, MSREI’s head of Asia, Hoke Slaughter, says development deals ‘could make sense’.
- MSREF-backed Crescent emerges from Chapter 11
Crescent Resources, the property developer and manager with land in the South East and South West US, has exited bankruptcy protection after wiping $1bn of debt from its balance sheet and securing $150m in exit financing.
- Sonny Kalsi reunites with ex-Morgan Stanley executives
The former global head of Morgan Stanley Real Estate Investing is joining forces with John Carrafiell and Fred Schmidt to create their own merchant banking real estate platform.
- ULI 2010: MSREF ‘lost control’ of investments, says Zell
The Equity Group Investments chairman warned large opportunity funds, such as MSREF and Whitehall, were too big and took too many risks, on the opening day of the spring ULI conference in Boston.
- Morgan Stanley hires ex-Capital Trust co-founder
John Klopp has been appointed head of Americas equity and debt investing, reporting directly to Jay Mantz.
- Morgan Stanley focuses on debt investing
John Klopp, head of the bank’s Americas real estate investing and global debt investing operations, expects the firm to target FDIC loan portfolios as it looks to debt opportunities for future investments.
- MSREF eyes European banking sector for deals
Olivier de Poulpiquet, head of Europe, Middle East and Africa for Morgan Stanley Real Estate Investing, said the firm was currently working with a large European bank looking to deal with its loan book.
- Q&A: Stecher’s secondaries search
Morgan Stanley Alternative Investment Partners raised $370 million for its latest secondaries vehicle – Morgan Stanley AIP Phoenix Global Real Estate Secondaries – 30 percent more than its original target. Joseph Stecher, head and chief investment officer of AIP real estate fund of funds, talks about the fundraise, the fund’s strategy and the “enduring” focus on NAVs.
- Morgan Stanley secondaries fund raises $370m
The Phoenix Global Real Estate Secondaries fund will target fund interests in global property vehicles with $400m to $800m of commitments.
- MSREF VII acquires €150m Blackstone mezzanine loan
The $4.7bn global opportunity fund has purchased the restructured mezzanine debt secured by Blackstone’s Hospitality Europe portfolio after the properties’ senior mortgage was renegotiated.