Evelyn Lee
The New York-based alternative investment manager is the latest private equity firm to announce plans to invest in single-family rental homes in the US.
The São Paulo-based alternative investment management firm has raised nearly R$200 million in equity for its second real estate development fund, which will invest in residential and office projects in Brazil.
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.
The $88 billion pension system has agreed to invest in global real estate funds sponsored by Starwood Capital Group and Westbrook Partners as part of $200 million committed to opportunistic and value-added real estate vehicles in recent months.
The $26.1 billion pension has at least $100 million to allocate to non-core real estate funds and plans to hire an opportunistic manager as it aims to increase its allocation in the asset class.
The acquisition of Verde Realty, a Houston-based real estate investment trust, is on track to be one of the first investments made by the Toronto-based alternative asset manager’s global real estate fund.
The $5.7 billion pension system plans to liquidate its remaining individually-owned real estate properties to free up more capital to invest in funds.
The former managing director of capital markets at the New York-based real estate fund manager has joined Ares Management in a senior role within its real estate capital markets group.
The Washington, DC-based alternative asset manager, in partnership with Dallas-based developer Cypress Equities, has closed on the purchase of a distressed retail property in San Francisco from Lone Star Funds, with plans to develop a six-level shopping center on the site.
The Maryland-based private real estate firm saw its latest investment vehicle oversubscribed, with commitments from limited partners such as the New York State Teachers’ Retirement System.
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