Evelyn Lee
Fund managers are running out of time to deploy existing capital, but the pressure to invest could drive more activity among opportunistic players.
The state’s university pension plan will be launching a search next month for real estate firms to manage a new portfolio of opportunistic investments.
The New York-based private equity giant will acquire 36 retail properties from Equity One, in one of the first deals for its latest real estate opportunity fund.
For the first time since 2009, new capital available for global commercial real estate investment will see a reduction next year, as investors grow increasingly cautious towards the asset class, property services firm DTZ revealed today. The firm also reported a pause in new capital raising in the face of current economic uncertainty.
The New Jersey-based real estate investment firm is looking to raise roughly $50 million for its third fund focused on the acquisition of distressed mortgages.
The New York-based firm, led by former Blackstone real estate head John Kukral, has closed the second offering of its real estate fund, bringing the total amount raised since launch to approximately $2.3 billion.
The Lake Forest, Illinois-based private equity investment firm has closed on $406.9 million in commitments for its latest real estate fund, which will focus on niche investments.
The newly formed specialty finance company of alternative asset manager Ares Management has filed to go public as a REIT.
The pension plan for the California county will invest in office acquisitions and multifamily development through a separate account with the Denver-based real estate investment manager.
The state’s comptroller has appointed the fund’s current assistant controller of real estate, Marjorie Tsang, to serve in the position on an interim basis after the current CIO leaves on Thursday.
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