Evelyn Lee
The New York-based real estate fund manager’s head of US opportunity funds has left after more than 18 years at the firm.
The New York-based alternative asset manager’s year-end loss in its real estate business included a $15.4 million fourth-quarter net loss and contributed to the firm’s overall $300 million net loss for the year.
The $14.3 billion pension plan has selected two managers for real estate fund of funds mandates.
A partnership between affiliates of Dune Real Estate Partners and DiNapoli Capital Partners has refinanced the San Francisco hotel, which it first acquired in 2007.
The New York-based private equity and real estate giant also said that Europe would be a major target for real estate opportunities in 2012.
The Washington, DC-based private equity firm has acquired an office and residential portfolio in central Stockholm on behalf of its third European real estate fund.
In a follow-up to its 2007 debut Asia real estate vehicle, the German fund manager is now in the market with two new Asia-focused funds targeting investments in East and Southeast Asia.
The Fort Worth, Texas-based private equity firm reportedly has agreed to purchase Flagler, a private REIT based in Florida, from Fortress.
The Florida-based real estate investment firm has gotten some traction on its second real estate fund, which will focus on opportunistic investments in the Southeast.
The Washington, DC-based alternative asset manager has appointed 11 real estate professionals in North America and Europe to senior roles.