Erik Kolb
All eyes are on the Federal Reserve and how decisions made at its upcoming meeting could lead to a greater focus on secondary US cities and value-added investments.
The two firms have leveraged their existing relationship to create a dedicated platform focused on US real estate debt and have hired Jeffrey Fastov to lead the initiative.
The Florida-based real estate investment firm has raised $150 million in equity to invest in value-added retail and multifamily assets in the Southeast.
Through its venture with Canyon Capital, the $263 billion state pension system has made two more investments in early-stage real estate managers, bringing the total number of firms selected to four.
The Chicago-based real estate investment firm has closed Harrison Street Real Estate Partners IV with $750 million in commitments, exceeding its original target of $600 million.
Not everyone is excited about the SEC lifting the ban on general solicitation. But despite some hurdles, it could be a boon to the industry in the long run.
A presentation on tax reform and tax policy developments illustrated the multitude of issues facing property firms and investors, as well as the lack of movement on a number of proposed solutions.
Through its venture with Canyon Capital, the $260 billion state pension system has made its first two investments in early-stage real estate managers, which are expected to result in $60 million to $100 million in acquisitions by each firm.
The New York pension system has sold its 50 percent stake in the IN Retail Fund to its partner, Inland Real Estate.
Ed Garcia of Russell Investments shares the investment advice his team is offering the firm's clients.