Rialto Capital related stories
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Rialto Capital holds $300m first closeThe firm, founded by Jeff Krasnoff and backed by Lennar, has already acquired one of the largest FDIC portfolios to date for its Rialto Real Estate Fund, which is believed to be targeting $750m.
- Bank balance sheet loans next big issue for US real estate
With more than 800 banks on the FDIC watchlist, dealing with the troubled assets on thousands of community and regional banks will be priority for industry.
- New York Common sets aside $200m for ‘toxic assets’
The $126bn pension has created a new allocation to house its investments in the US Public Private Investment Programme.
- RLJ: PPIP will help achieve ‘price discovery’
The founder of RLJ Companies, Robert Johnson, says the US bailout programme will help establish a market price for real estate-related securities – and potentially for banks’ other real estate assets. "It’s not a total panacea but it will help banks that are trying to find market pricing."
- US Treasury selects Angelo Gordon, GE Real Estate for PPIP
The US government has selected nine private investment firms, including Angelo Gordon, GE Real Estate, Oaktree and Invesco to help take real estate loan-backed securities off banks’ balance sheets.
- Former Morgan Stanley chief Mantz joins Rialto Capital
Jay Mantz, the former Morgan Stanley head of real estate investing, has joined Rialto Capital Management as president to oversee the company's real estate investment management business.
- Oaktree completes NPL securitisation
The Los Angeles-based alternative asset manager’s securitisation of nonperforming loans is the first for the firm – and just the third to have occurred in the market.
- Ex-Morgan Stanley housing head launches new firm
The former chief US housing strategist at Morgan Stanley has co-founded an asset management firm to invest more than $1 billion in distressed single-family rental homes in the US over the next two years.
- Siguler Guff closes on $630m for opportunistic FoF
The New York-based private equity firm has raised its first real estate vehicle in more than 20 years to target distressed real estate.