Evelyn Lee
The Chicago-based private equity real estate firm is expected to default on the debt backing a 95-property industrial portfolio and return the assets to lenders, as the bulk of the loans on the properties are scheduled to come due this week.
The Los Angeles-based private real estate firm has attracted $1.4 billion in commitments to its commercial real estate debt investment vehicle and related sidecars. The firm is due to launch a successor fund early next year.
While single-family rental properties have attracted an increasing amount of interest from private equity firms and investors alike, Alaska’s intended foray into the strategy is particularly intriguing on a number of levels.
The Toronto-based global alternative asset manager has held a first close for its debut global real estate opportunity vehicle. This is the first time that the firm has offered discounts for investors in the initial close of a fund.
The $39.8 billion oil endowment will continue to examine a potential $400 million investment to a company that would own and rent single-family homes.
The New York-based private equity real estate firm now is raising capital for the third offering of its opportunistic fund, less than a year after closing on more than $1 billion of commitments during its second capital raise in 2011.
Michael Profenius, formerly a managing director at Warburg Pincus, has joined the New York-based private equity real estate firm as one of two senior partners, following the reorganisation of the firm last fall to focus its investment activity on the US.
The New York-based real estate, infrastructure and real resources investment platform of Franklin Templeton Investments has amassed a total of $319.2 million in commitments for its third global multi-manager fund, which was the first of its funds to target US institutions.
The state’s $15 billion permanent endowment has approved an increase in its real estate allocation target from 6 percent to 7 percent as part of a larger objective to double the target to 10 percent by year’s end
In its second such partnership this year, the New York-based real estate investor and fund manager is teaming with a South Florida developer to build apartment communities on behalf of its latest opportunity fund.