David Schaefer, managing director and head of the Asia Pacific region for New York-based Citi Property Investors, left the firm at the beginning of the month. He was based at the firm's Hong Kong office. Schaefer's departure is the second high-profile loss in Asia after Tim Grady left Merrill Lynch earlier this month.
1 min read · 05 January 2013
Leon Black’s Apollo Global Management has been chosen as the preferred bidder to take control of Citi Property Investors, the real estate investment arm of Citigroup.
2 min read · 05 January 2013
MVision, the private equity placement agent business led by Mounir Guen, has appointed Mitchell Sikora and Scott Arden from JT Partners to boost its real estate services offering.
1 min read · 05 January 2013
Major changes in the fundraising industry continue with Evercore’s purchase of an eight-person private placement team from the former Lehman division.
2 min read · 05 January 2013
Why Bank of America Merrill Lynch’s decision to shelve the sale of its Asia real estate platform makes sense. PERE Magazine, February issue 2010
4 min read · 05 January 2013
Hudson Advisors Europe, the European arm of the mortgage special servicing platform previously described as the “factory” of Dallas-based Lone Star, has added to its offices in Munich and Frankfurt with an office in London.
1 min read · 05 January 2013
The Dallas-based firm is acquiring $10bn of performing and non-performing loans in Japan for just less than $300m.
2 min read · 05 January 2013
Dallas-based distressed investor Lone Star Funds, led by the highly private John Grayken, is powerfully positioned to take advantage of the current global economic downturn, according to a profile of the man in the June issue of PERE magazine.
2 min read · 05 January 2013
According to reports in the local media, the Houston-based developer and fund manager is aiming to start investing through the vehicle in the next six to nine months.
2 min read · 05 January 2013
A state-run finance hub is planning a package of fee cuts in a bid to attract REITs and property funds in invest in the emirate. However, property experts warn it might not be enough to warrant the risk.
2 min read · 05 January 2013
