In a joint venture with Taconic Investment Partners, the New York-based firm has bought nearly 1,000 units in Brooklyn for $90m.
The Chicago-based firm sold the portfolio to Colony Realty Partners, the core and value-added affiliate of Colony Capital, for $46m.
The private equity firm wants to move into the residential property sector by backing Countrywide management in a buyout worth up to £900m.
The London listed investment firm is to float the European Convergence Development Company on the Alternative Investment Market in 2007 despite signs that investor appetite has waned.
The real estate arm of the New York-based investment bank has closed its third open-ended funded on $2.2bn. It will have exposure to private and public equity and debt securities.
The investment bank’s fifth domestic opportunity fund is four times larger than its predecessor and is already 60 percent invested.
The third opportunity fund from the former real estate arm of investment bank Greenhill & Co. is more than triple the size of its predecessor.
The second largest pension fund in the US has made an “unprecedented” move by significantly expanding its target allocations to alternative investments, including private equity and real estate.
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Sam Zell’s international private equity real estate firm has acquired a $50m interest in a shopping mall developer with a presence in Chile, Argentina and Peru.
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