Private Equity
The bill now goes before the US Senate, and if approved will likely be signed into law by President Obama.
2 min read · 05 January 2013
There are many parties at the table in CMBS workout situations. It is still far from clear who the winners will be, if any. PERE November issue.
8 min read · 05 January 2013
Markstone does not expect the criminal case against its former chairman Elliott Broidy to have an effect on the ‘value of investors’ interests in the partnership’.
2 min read · 05 January 2013
Lone Star has a plan to keep total control of bankrupt US grocer Bi-Lo outside of bankruptcy, while a lending group that includes KKR wants to split control of the company. Bi-Lo operates 215 stores in the southeastern US.
2 min read · 05 January 2013
The US government has no plans to launch another "large-scale" bailout programme for the commercial property sector, but could help through TARP if the industry faces serious problems, the PREA conference was told today.
2 min read · 05 January 2013
LEM Mezzanine, a mezzanine fund affiliated with Lubert-Adler Real Estate, bought the W Union Square Hotel from the private equity arm of Dubai World in foreclosure for a reported $2m, plus the assumption of debt.
2 min read · 05 January 2013
While recent changes to French tax rules bring the country closer to the rest of the world regarding carried interest, a delay in announcing expected clarifications is leaving many managers wondering how to best structure funds.
2 min read · 05 January 2013
The two real estate fund managers are turning to the public markets to raise capital for their next debt vehicles. Brookfield Realty Capital Corp. and Marathon Real Estate Mortgage Trust are targeting $500m and $300m respectively.
2 min read · 05 January 2013
Factors including taxation levels, depth of capital markets and corporate governance make the US, UK and Canada most attractive for investment, according to a recent study.
2 min read · 05 January 2013
The founder of RLJ Companies, Robert Johnson, says the US bailout programme will help establish a market price for real estate-related securities – and potentially for banks’ other real estate assets. "It’s not a total panacea but it will help banks that are trying to find market pricing."
2 min read · 05 January 2013
