Evelyn Lee
The core investment vehicle, called TechCore, will be managed by the Menlo Park, California-based private equity real estate firm and will invest in technology-focused properties in the US.
Dan Vene, a former partner at placement agent Eaton Partners, has joined the New York-based investment manager to lead capital-raising efforts and client relations for the firm’s real estate opportunity funds.
The Greenwich, Connecticut real estate investment firm, in a joint venture with Gaia Real Estate, has purchased a 32-property multifamily portfolio in the US. The deal forms part of its acquisition and recapitalisation of the properties’ bankrupt owner, PJ Finance Company.
The New York-based private equity real estate firm has held a final close for its US real estate vehicle, which initially had fundraising challenges but ultimately exceeded its $650 million target. The capital raise was bolstered in part by a sizable commitment from Texas Teachers.
Two firms led by former Blackstone Real Estate Advisors and Related Companies executives have formed AWH Partners, a new venture that is targeting investments in the hotel real estate sector, where transaction activity has been heating up.
The investment management subsidiary of the US insurer has set aside an initial pool of $100 million to establish a programme to support real estate and private equity firms with strong women and minority participation as part of an overall companywide diversity initiative.
The Los Angeles-based real estate fund manager’s investment in a new low- and middle-income housing platform targeting the São Paulo metropolitan area represents the firm’s seventh housing joint venture in Latin America in the past year.
The Los Angeles-based fund manager, through a joint venture with Capital & Regional, has acquired the Kingfisher Shopping Centre for £130 million.
Drucilla Richards, who previously helped to recruit 12 employees to the New York-based real estate investment firm, has now joined the company as a managing director of investor relations and capital raising. She is one of eight other real estate-focused hires that have or will join the company this year.
The investment management subsidiary of the US insurance company has allocated capital to core real estate vehicles sponsored by Morgan Stanley, Clarion and Invesco as it pursues an income-focused real estate strategy.