The listed real estate fund manager has formed a JV with Capital Realty to help it target Japanese real estate acquisitions through its latest fund, Invista Real Estate International. The fund is being run by investment director Hugo Vere.
With its real estate allocation currently over target and returns in the year to June just 4.9 percent against a benchmark of 10.8 percent, the $15.7bn US pension says plans to commit $100m to the asset class over the next nine months will be put on hold.
The resort operator, which was reportedly in danger of filing for bankruptcy, has refinanced its loan on the day it came due. Intrawest owns and develops resorts in the US and Europe, including Whistler Blackcomb, a host venue for the 2010 Olympic Winter Games.
The firm’s real estate investment trust is making the acquisition. It is the second retail property acquisition in the UK for CBRE Realty Trust.
The largest commercial property lender in Germany and one of the largest in Europe is merging its European structured finance team, likely to lead to 10 job losses.
The real estate investment management firm’s latest vehicle is targeting $1 billion to invest in high-yield commercial and other real estate debt.
With leverage drying up and deal flow all but disappearing, it isn’t surprising that many alternative investment GPs have traded in their LBO hats for special situations, turnaround and distressed hats. For others, though, the refuge has come in the form of hard hats. Â
The Chicago-based private equity real estate firm has joined forces with former EOP executive Mark Scully to help expand the firm’s retail/mixed-used platform in Colorado.
The California pension has committed $400 million to Starwood’s $3bn Global Hospitality Fund II, which is targeting 20% IRRs. This summer, Sternlicht said he was rapidly expanding his latest hotel brand: the Baccarat, based on the famous crystals.
The Los Angeles ‘full service’ real estate firm will leverage its close relationships with banks to target property buying opportunities. The fund will focus on the US West Coast, Hawaii and Japan. Kennedy Wilson's last fund raised just $150m.
If you do not receive this within five minutes, please try to sign in again. If the problem persists, please email: