Managers

The Toronto asset manager has held a second close for its 12th residential development fund. The C$70 million closing doubles total commitments to date to C$140 million.

The start-up firm run by Ric Lewis has brought forward a first close for Curzon Capital Partners III as it hones in on 5 European deals during a time when spreads between core-plus and value-added yields are at ‘a cyclical high’.

The BPF's Peter Cosmetatos, told PERE on the sidelines of last week's PERE Forum: Europe 2011, how real estate organisations have 'fallen at the last hurdle' in their attempt to save firms from having to post significant collateral against their hedging trades. But he said their remained a small window of opportunity to influence change.

Korea’s penchant for core offices in London continues as the Public Officials Benefit Association selects ING Real Estate Investment Management for an investment programme.

The Hong Kong and Singapore-focused private equity real estate firm has brought its fundraising total for its debut commingled fund to $207.3m with a final closing still to come.

The US Securities and Exchange Commission has scheduled a meeting for 22 June to consider extending the SEC registration deadline and to adopt final rules.

Ted Leary, founder and president of advisory firm Crosswater Realty Advisors, told PERE how nervous US institutions have become about investing their capital into European real estate markets.

The Los Angeles-based real estate fund manager has held a final closing on a $100 million Brazil sidecar to its Latin America fund, bringing its combined regional commitments to $554 million.

The Chicago-based firm specialising in student and senior housing has closed on nearly $600 million for its latest fund, almost $100 million more than its original target.

The investment manager is looking to raise $50 million to invest in New York and New Jersey.