The tremendous amount of wealth that real estate investors, private equity or otherwise, have generated over the past 25 years was brought into stark relief earlier this month when Forbes published its annual list of the 400 richest Americans. Found among the rankings of the über-rich were 33 property moguls, ranging from long-time stalwart and Irvine Company head Donald Bren (number 27 on the list with an estimated net worth of $8.5 billion, the highest of any real estate investor) to newcomers such as Colony Capital founder Tom Barrack (374) and Vornado chief executive Stephen Roth (278).Â
The cash infusion is the third private equity investment in the Mumbai-based developer Lodha Group.
The largest pension fund in the US now has approximately $3 billion of its real estate assets in Asia.
The Stockholm-based fund manager has become the latest to announce a Russia-focused vehicle aiming to exploit refurbishment and value added opportunities, as well as forward funding deals and joint ventures with developers.
Real estate investors tend to be optimistic, at least in the long term. Before sinking money in a property, an investor must be confident that the locals will continue to be employed, to build and spend wealth, to procreate. Â
The alternatives-focussed Yale University endowment returned 28 percent this year, up 5.1 percent percent from 2005. The endowment is now valued at $22.5 billion, up 25 percent from 2005.
The Williamsburgh Savings Bank Tower, long regarded as a historical fixture, is testament to Brooklyn’s changing landscape.
The Finnish bank has invested in the capital Tallinn as it seeks to cash in on the Baltic region.
London-based Benson Elliot has paid €100 million for an office building in Paris’ financial district through its Europe-focused property fund.
A hire by the pan-European investor could mean that Doughty Hanson wants to launch a core-plus, value added fund following its two opportunistic vehicles.
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