The flow of private real estate firms launching public debt REITs has increased again, after the New York-based firm filed an IPO for Ladder Capital Realty Finance. The vehicle will primarily originate first mortgages and target some CMBS, B-notes and mezzanine loans.
2 min read · 05 January 2013
The Los Angeles-based firm has acquired a portfolio of loans from cooperative bank Bankaktiengesellschaft. The loans have a face value of $90m, no financial details were disclosed.
1 min read · 05 January 2013
Colony Financial and private equity real estate funds managed by the Los Angeles-based firm have provided a first mortgage loan to homebuilder William Lyons Homes.
1 min read · 05 January 2013
The struggling Central European property firm, Orco Property Group, has reportedly hired UBS bank to help find potential new investors. Colony is still in talks to acquire a stake in the group after Orco filed for bankruptcy protection.
2 min read · 05 January 2013
The former Morgan Stanley and AMB executive has joined Colony Capital to help the Los Angeles-based firm develop new funds. Colony is targeting $5.25bn for its two latest vehicles.
2 min read · 05 January 2013
Station Casinos’ proposed debt restructuring has met with anger from some bondholders. A lawsuit alleges the plan is 'ungentlemanly', favouring a limited number of senior note holders. Station said the lawsuit was 'without merit'.
2 min read · 05 January 2013
Barry Sternlicht, CEO of Starwood Capital, warns the US government's bailout programmes are not needed in today's markets as capital looks to the asset class in the search for yield.
2 min read · 05 January 2013
Marathon Asset Management is the latest manager to hold a first close on its PPIP fund. PERE Magazine December 2009-January 2010 issue.
3 min read · 05 January 2013
A PPIP fund raised by The TCW Group has been withdrawn following the departure of the firm’s chief investment officer Jeffrey Gundlach, which triggered a key-man clause.
2 min read · 05 January 2013
Five years after joining the Canadian pension, Mark Wiseman has been elevated to executive vice president, overseeing CPPIB's private equity, public markets and real estate investments.
1 min read · 05 January 2013
