The private equity giant has joined with Seattle-based senior-living operator Emeritus Corporation to acquire a 25-asset, assisted-living portfolio for $190m.
The city of Quito, Ecuador—population approximately two million—is probably not near the top of the list when it comes to international cities attracting private equity real estate investors.Â
The US investment bank has taken a stake in an upper scale residential developer for its third special situations fund.
Horatio Sparkes, who oversees the investment of five New York City pension funds, including a nascent private equity programme, has submitted his resignation to city comptroller William Thompson.
The home of the late Syd Barrett is on the market in Cambridge, while Factory Records founder Tony Wilson is selling his post-industrial flat in Manchester.
San Francisco-based Belveron Real Estate Partners will target interests in funds, single asset partnerships and mezzanine debt positions.
The move comes on the heels of departures of key executives from the La Jolla, California-based Pacific Corporate Group, which advises the pension system.
The partnership will allow the Texas-based real estate investor, which made its first buy outside the US earlier this year, to ramp up its European presence, and represents a move toward a more opportunistic real estate strategy for Hamburg-based HCI.
Dallas-based ClubCorp., which owns and operates resorts, sports clubs and private clubs in North America will sell its assets to KSL and the Dedman family of Texas in separate transactions valued at $1.8b.
Italian real estate firm Pirelli RE is teaming up with the property funds at Morgan Stanley and Deutsche Bank in its €462m German residential and retail deal.
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