Home Authors Posts by Evelyn Lee

Evelyn Lee

Evelyn Lee
Evelyn Lee is Editor for PEI Media’s real estate-focused publication, PERE, overseeing global news coverage for both PERE Magazine and PERENews.com. Based in New York, she works closely with reporters and editors across PEI’s offices in New York, London and Hong Kong, and helps to co-ordinate shared content with PEI’s other private markets titles. Prior to joining PEI in 2011 she covered commercial real estate, economic development and environmental issues at NJBIZ, a New Jersey-focused business publication
An affiliate of Starwood Capital has agreed to acquire an 18-property hotel portfolio from the Philadelphia-based hospitality REIT for $155 million.
The New York-based real estate fund manager has hired industry veteran Joseph Morningstar to focus on sourcing special situation investment opportunities.
The nation’s largest public pension fund has approved a new programme for emerging real estate managers, marking a new approach to its emerging manager investment strategy.
The largest county retirement system in the US has approved a $300 million allocation to three managers as part of a new real estate investment plan that is expected to increase its allocation to 9.6 percent.
The Los Angeles-based alternative asset manager has purchased the investment business of the Chicago-based debt provider, with the intention of expanding further into commercial real estate lending. Consequently, Ares has formalized its real estate efforts by creating a dedicated team.
In its second quarter results, the New York-based asset manager reported that revenue growth in its real estate segment had sextupled, largely from increased management fees, and also revealed a second closing for its latest real estate fund.
With yields for trophy properties having fallen to low levels, investors should be shifting their focus to non-core real estate assets and markets where capital is scarce, according to new investment recommendations by the Swiss firm.
Listed private equity firms were walloped in last week’s brutal hammering of public markets across the globe, with some analysts wary about the volatility of the sector.
The Washington, DC-based trade association for real estate investment managers has select Gunnar Branson to succeed Stephen Renna as its chief.
The San Francisco-based investment company, through a joint venture with Worthe Real Estate, has acquired a 20-acre development site in Southern California on behalf of its ninth real estate fund. Separately, Shorenstein has added a new member to its transactions team.

Copyright PEI Media

Not for publication, email or dissemination