Managers

The Chicago-based private equity real estate firm has teamed up with a Kansas City-based developer and operator of assisted-living and memory care communities to own and recapitalise six properties in the Midwest for $62 million.
The UK asset manager has launched a closed ended vehicle with a Singapore bank and a private US firm. Hermes is putting in up to $150m on behalf of client, British Telecom Pension Scheme, while its two partners are contributing $25m each.
The Connecticut-based firm has closed its fourth global real estate fund of funds on $400 million in commitments. It has been making commitments to funds and purchasing direct secondary interests since its initial closing in 2009.
The fund, Sarasin Sustainable Properties – European Cities, is targeting mainly Swiss pension funds, and is said to be the first real estate vehicle for institutional investors to invest solely in sustainable buildings in high-growth European cities.
The Houston-based real estate firm officially has ended its affiliation with its Chicago-based principal investment arm. The entity, now known as Pearlmark Real Estate Partners, has moved offices and is seeking capital for a new fund.
Russell Jewell, former Merrill Lynch Global Principal Investments head of Europe, has joined AEW. Chief investment officer, Rob Wilkinson, said the firm looked forward to building its private equity platform ‘as market appetite for value-add and opportunistic products increases’.
The New York-based real estate investment firm's DRA Growth and Income Fund VII currently has $662m in commitments and is expecting a final close in September.
The New York global asset manager has formed a strategic partnership with Driftwood focussed on acquiring and repositioning hotels across the US.
A partnership between the $240bn pension system and the global real estate asset manager has generated a 60% IRR and $160m in profits. The fund closed after selling its office, residential and logistics projects in São Paulo, Rio de Janeiro and Curitiba.
For the first time since the credit crisis, Aberdeen Asset Management has launched an Asia Pacific fund of funds vehicle, seeking out a range of strategies from core to opportunistic and targeting returns between 13 and 17 percent per year.
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