Investors

The Asian Public Real Estate Association has expanded its network to include pension funds after requests by the investor pool to be included.

Stephen Coyle, chief investment officer for Cohen & Steers' real estate funds of funds business, says many private funds will become 'zombies' as they attempt to hang onto over-levered assets with declining values.

After delaying the pricing of their IPOs one day, the two fund managers said they now expected to raise just $250m and $200m respectively – compared to Colony’s original target of $500m and Apollo’s $600m.

The Orlando-based real estate investment firm has acquired America’s Capital Partners’ GP stake in 22 office buildings and hired ACP co-founder Rudy Touzet as chief executive officer. ACP says deal is for LP interests held by chairman Allen de Olazarra.

John Roberts will retire in March next year to spend more time with his family. His role will be assumed by AMB Europe and Asia president Guy Jaquier. Roberts is retiring to spend more time with his family.

SBZ, a Dutch pension scheme, is switching €135 million of direct investment in Dutch real estate for deployment in global markets via unlisted and listed funds.

Blackstone’s chairman has told the SEC a firm like his would never have reached its level of success without placement agents. Schwarzman was writing on behalf of the industry, not the Blackstone-affiliated Park Hill Group.

The firm has already invested 20% of Fund III's committed capital. It has also fully realised the real estate portion of its debut fund.

The asset management firm has hired Brahm Cramer, former co-head of Goldman Sachs’ Real Estate Principal Investment Area, and iStar financial president Jay Nydick to lead its new opportunity platform.

The private equity and real estate investor has sold a Frankfurt data centre for $28m to data services firm Equinix. The technology centre was the final asset to be sold from a 25-building portfolio bought by GI in 2004. The firm made a 3.7x multiple on the deal.