The US sale and leaseback specialist is manning its second office in Europe in the belief that the region offers burgeoning deal opportunities.
The San Francisco Employees’ Retirement System is joining a growing number of public pensions which have increased their real estate and private equity targets in recent months.
The threat that the hunter can become the hunted was flagged this week at the PERE Forum Europe 2008, where around 200 delegates descended on The Hotel Russell in London. Â
PIK structures, frequently found in LBO-related debt offerings and currently being exercised by firms including KKR, Bain and Permira, may be staving off inevitable default to the detriment of debt-holders, according to Standard & Poor’s.
The quoted infrastructure manager has raised £340m in equity and debt to fund its future infrastructure acquisitions, as it delivers ahead of initial return targets and looks to capitalize on market distress.
The UK high street is suffering from the fallout of the credit crunch with rents suffering their largest decline in real terms since the early 1990s, according to the latest report by real estate consultancy Colliers CRE.
Ruth Barone, senior vice president of US real estate investment bank, the Carlton Group, has formed Glenmere Capital Partners targeting New York properties.
The Swiss bank’s real estate business has appointed a head of acquisitions in the Benelux region, Ward van de Braak.
Formation is purchasing a portfolio of 27 assisted living facilities in the northeastern US on the heels of its $2bn acquisition last year of Genesis Healthcare with JER Partners.
The California pension saw its alternative investment program return 5.3 percent, while public equities languished. Real estate investments returned 1.6 percent for the pension.
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