LPs are expected to invest $8 billion of new capital to value-added and opportunistic funds in 2010. REITs believe some of that money should go to them. PERE magazine June 2010
2 min read · 05 January 2013
The $8.2bn Los Angeles City Employees’ Retirement System will invest 90% of its portfolio in closed-ended commingled funds, primarily with core and value-added managers.
2 min read · 05 January 2013
Property markets in the US have not corrected, despite the high prices gained in some recent landmark deals. However, fund managers are in danger of investing capital ‘out of sheer boredom of not doing deals’.
2 min read · 05 January 2013
PCCP has raised $105m for its $125m follow-on offering to a Lehman Brothers’ mezzanine vehicle it acquired last December, while Fortress is targeting $325m for a follow-on to a 2007 Florida co-investment vehicle.
2 min read · 05 January 2013
General Equity Real Estate’s Chris Macke has warned US banks and financial institutions need to start a phased clean up their balance sheets, otherwise real estate won’t recover until 2014 at the earliest.
5 min read · 05 January 2013
John Klopp, head of the bank’s Americas real estate investing and global debt investing operations, expects the firm to target FDIC loan portfolios as it looks to debt opportunities for future investments.
2 min read · 05 January 2013
The US homebuilder has returned to buying distressed debt acquiring a portfolio of 5,500 residential and commercial loans pooled from 22 failed banks by the FDIC.
2 min read · 05 January 2013
Colony Capital is eyeing the FDIC as a valuable source of real estate deals in 2010. PERE magazine, February 2010 issue
2 min read · 05 January 2013
The bank may sell offices in New York, Paris and London, and possibly lease them back, after receiving interest from investors. This would be the second time in two years the bank has sold its landmark London HQ. In December, it bought back the property from Metrovacesa at a 25% discount after selling it to the Spanish group in 2007 for a record £1.1bn.
1 min read · 05 January 2013
Private equity and private equity real estate firms should be encouraged to mount bank recapitalisation JVs, mirroring FDIC-initiated structured sales of failed financial institutions.
3 min read · 05 January 2013
