Evelyn Lee
The New York-based private equity real estate firm has sold its ownership interest in two shopping centres in Oregon and Arizona to DDR for $70 million.
The São Paulo-based real estate fund manager, formerly known as Prosperitas Investimentos, turned away $350 million in commitments for its new Brazil-focused fund, which launched just five months ago.
The head of the Los Angeles-based real estate firm’s debt investment business officially left his post last week, which will trigger a key-man clause in the platform’s two open-ended funds.
A joint venture between the $320 billion Korean pension plan and the New York-based developer and fund manager has purchased the majority ownership interest in 16 office properties in the US, following the privatisation of the Tishman Speyer Office Fund.
The San Francisco-based firm, which once raised the largest-ever real estate secondaries fund, has ceased efforts to market its fifth vehicle as it considers options for a shift in strategy.
The New York-based private real estate investment firm, led by former Blackstone Real Estate Advisors chief executive John Kukral, has set up shop in Los Angeles as it pursues more investments on the West Coast.
The New York-based firm, led by former WP Carey executive Edward LaPuma, will be rolling out two real estate vehicles focusing on the sale-leaseback market in North America and Europe and seeking to raise a total of more than $400 million from institutional investors.
The Miami-based private equity firm also will be opening a new office in Bogota, Colombia, to support investments on behalf of the vehicle, which is the first dedicated to hospitality assets in the country.
In a new research paper, Nori Gerardo Lietz throws the spotlight on the staggeringly low number of women in senior investment and finance roles at private equity real estate firms. The hope is that going public with the issue will change the industry for the better.
Real estate investment officer Charles Haase has left the California pension plan and plans to take a new position at Tokyu Livable in Japan next month.