Evelyn Lee
The Sao Paulo-based real estate investment management firm has reached its hard cap for its second real estate fund.
Following its $4 billion first close in August, the New York-based alternative asset manager is said to be holding an additional close of up to $700 million this week on its latest global real estate fund.
The Toronto-based pension fund is ramping up its US real estate activities as part of its plan to invest $10.5 billion over the next five years.
The Toronto and New York-based alternative asset manager has continued its expansion of its European team with the hire of the former Jones Lang LaSalle head of indirect investment.
Accounting and consulting firm Ernst & Young has found that growing pressure from limited partners is leading to a shakeup in deal terms – particularly with regard to management fees, carried interest and returns.
Industry veteran Alan Bear has joined the San Diego-based multifamily real estate operator as senior vice president.
Next year promises more challenges for fund managers to invest capital and investors to meet return expectations, as well as a continuing shift toward increased investor reporting.
A new report by PwC and ULI says opportunistic return expectations are likely to decline further, while funds with an arsenal of dry powder will continue to have a tough time putting capital to work
The New York-based private equity giant will purchase 82 suburban office assets from Duke Realty on behalf of the firm’s latest global real estate fund.
Despite weakness in the firm’s latest real estate and overall earnings, the head of the New York-based private equity giant said today that 2011 will be one of the most active investment years in the history of firm’s real estate business.