Ernst & Young promotes cost monitoring to improve the effectiveness of real estate fund products. By Michael Hornsby, Zeeshan Ahmed and Farhan Ahmed. PERE Magazine April 2011 issue.
KKR has a titanic reputation in the world of private equity, having grown into a global business with $61 billion in assets under management. Its hire of Ralph Rosenberg turned lots of heads, but it will be some time before its real estate division catches up. PERE Magazine April issue 2010.
KKR’s appointment of former Whitehall Street Real Estate veteran Ralph Rosenberg is an indication of a second generation of private equity interest in real estate. Will private equity’s ambitions overwhelm institutional investors? PERE magazine April 2011 issue
Winners of the 2010 Global PERE Awards shared their thoughts on the state of the real estate industry at a breakfast aboard a private yacht in Cannes during last month’s MIPIM conference. PERE Magazine, April 2011 issue
The annual property festival in France produced its usual amount of shocks, humour and seriousness, intertwined with drink and canapés. PERE Magazine, April 2011 issue
New players enter the European real estate finance market as some established lenders pare back. PERE Magazine, April 2011 issue
US capital markets have improved dramatically over the past year as lenders once again start hunting for deals. The question is whether the recovery is being driven by capital flows rather than fundamentals. PERE magazine April 2011 issue
The introduction of legislation to create a covered bond market in the US could help to fill the financing gap, but the question is whether it will receive Congressional and ultimately industry support. PERE Magazine, April 2011 issue
INREV is commanding funds to adopt new defintions for core, value added and opportunistic strategies. The challenge is to stand the test of time. PERE Magazine, April 2011 issue.
Complex situations, chemistry and timing mean there are few opportunities to take over a property fund management business at the moment. PERE Magazine, April 2011 issue.
Private equity firm Duet burned through £60m of equity in its private mezzanine fund so fast that it decided to launch a public vehicle on the London Stock Exchange. PERE Magazine April 2011 issue.
Popular op-co and prop-co structures, the method private equity firms use to value their investments and future lease lengths are up in the air again. PERE Magazine April 2011 issue.
PERE magazine, April 2011 issue
CITIC Capital’s real estate strategy has shifted with China’s policy, but division head Stanley Ching says its current trajectory could be sustainable. PERE Magazine April 2011 issue.
No comments can adequately express the devastation and loss resulting from last month’s earthquake in Japan. The outlook for the country’s real estate market, however, is nowhere near as bad. PERE Magazine April 2011 issue.
MGPA’s Japanese unit reviewed its strategy for the country after last month’s earthquake, but early sentiment from its CEO suggests its plans will remain intact. PERE Magazine April 2011 issue.
The municipality of Chongqing came to MIPIM last month looking for attention...and foreign capital. PERE Magazine April 2011 issue.
Doug Sesler was appointed by Bank of America Merrill Lynch to wind down its real estate principal investment arm. Two platform disposals and one $650m settlement later, he’s pretty much done. PERE Magazine April 2011 issue.
Blackstone’s $10.9 billion mega fund is roughly 90 percent invested in the wake of its $9.4bn acquisition of Centro Properties’ US assets. Was the mega deal evidence of a rush to close the fund or Blackstone simply exerting its unrivalled equity muscle yet again? PERE magazine April 2011 issue
As the MBO of ING Clarion goes before investors for approval, the firm looks to build on its platform with moves into retail distribution and more in LatAm. PERE magazine April 2011 issue
Vornado, Apollo Global and GreenOak all hold closes on their debut US real estate funds, each taking a different approach to the evolution of the commingled fund model. PERE magazine April 2011 issue