Erik Kolb
The Menlo Park, California-based private equity firm has made its second investment on behalf of a technology property-focused separate account with CalPERS and its first investment on behalf of a similar partnership with CalSTRS.
President Obama’s election to a second term means the industry should brace for potential changes to tax treatment, but at least it eliminates the uncertainty.
Oaktree’s NPL securitisation points to a new financing option for private equity real estate firms, as well as the potential resurgence of US real estate finance in general.
Looking to capitalise on opportunities in the US real estate debt markets, the New York-based investment manager has hired two former RREEF veterans to spearhead the new initiative.
How similar real estate strategies at CalPERS and CalSTRS have produced different results.
Most of the legacy real estate fund businesses sponsored by financial institutions have disappeared from this year’s PERE 30 ranking, while strategic shifts and large older vintage funds do not bode well for the remaining bank-sponsored platforms.
Thanks largely to its current fundraising effort, the New York private equity and real estate giant has increased the distance between itself and its closest competitors. Meanwhile, most of the remaining legacy firms have fallen out of the ranking, opening the door for several new players and returning firms.
The departure of Ethan Penner as head of CBRE Capital Partners shows that, even within higher-risk strategies, some private equity real estate firms are struggling with their appetite for risk.
The majority of Cap Juluca, a luxury resort in Anguilla, will be sold on 2 May to settle debt obligations owed to the property’s original developer. The pending auction follows last month’s announcement of another Caribbean resort to be auctioned off later this month.
The real estate arm of the Texas-based financial services firm has acquired a minority stake in Square Mile in a move to help expand the New York real estate investment firm’s platform.