Evelyn Lee
The Texas-based private equity firm plans to buy the distressed senior-living operator and its 210 properties for less than half the basis of typical senior housing acquisitions.
The $78.1 billion pension system is weighing the possible sale of fund interests in its real estate portfolio.
The $38.1 billion pension system has tapped two consultants to assist in the creation of a new real estate co-investment program.
The world’s largest real estate manager is marketing a 2 million-square-foot portfolio of six US office properties on behalf of its CBRE Strategic Partners US Value 5 fund.
The $9.9 billion pension plan expects to commit $505 million to private real estate over the next four years, the majority of which is projected to go to opportunistic strategies.
While distressed real estate continues to create some of the firm’s best investment opportunities, Europe has been a lesser source of deal flow than anticipated.
The $90 billion pension plan approved three investments to the asset class during the fourth quarter, including a real estate debt-focused separate account with Heitman.
The Philadelphia-based private equity real estate firm’s acquisition of a stake in CenterPoint marks its first investment on behalf of its second value-added office fund.
The New York-based private equity and real estate giant will acquire the majority interest in 40 shopping centers from UBS Wealth Management for approximately $1.1 billion.
The New York-based private equity and real estate firm expects deal flow to pick up in the region as financing becomes more available.