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Kevin Colket, founder and CEO of the Global Hospitality Investment Group, says a second or third wave of covid-19 should be a risk that is underwritten when pricing for hotel acquisitions in the current market.
Asia-Pacific real estate funds recorded the biggest year-on-year growth in terms of total capital raised in the first half of 2020.
The London-based private equity real estate firm has one of the largest European real estate opportunistic funds in market.
Sculptor
The New York-based alternative asset manager, formerly known as Och-Ziff Capital Management, beat the target for its latest property vehicle by nearly $1bn.
The sector giant invested £264m in the London-based REIT after its shares fell in a deal which extended a strategy of taking positions in discounted listed property businesses.
The role private institutional capital plays in solving the world’s affordable housing crisis has been under a scrutiny only intensified by the coronavirus pandemic.
Investors seeking to acquire non-debt distressed assets will have to wait, the executive and other managers told a recent webcast.
The industry would be better served if performance was unbundled from the effects of leverage, argues Joseph L. Pagliari, Jr., clinical professor of real estate at the University of Chicago Booth School of Business.
The valuation and investor interest in the asset, which traded at a 4.4% cap rate, remained unchanged despite being marketed during the pandemic.
Global markets
Launched by ANREV, INREV and NCREIF last month, the tool is intended to establish global performance standards and boost investor confidence.
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