Evelyn Lee
Jonah Sonnenborn has left the New York-based private equity real estate firm and now will be in charge of making property investments on behalf of one of the world’s wealthiest billionaires.
The industrial real estate operator and developer has acquired its investors’ 72 percent interest in the closed-ended property fund.
The country is the most sought-after Latin American real estate market for corporations seeking a more cost-effective alternative to Brazil, according to a new report from Cushman & Wakefield.
Distressed opportunities, such as the sale of a majority stake in a Brazilian developer, are starting to surface in Latin America, though investors aren’t exactly running over. PERE Magazine, July/August 2013 issue
TIAA-CREF’s union with Henderson isn’t just about expanding its global footprint. It’s also about cementing its status as a real estate investment manager.
The $39.6 billion pension system’s $200 million allocation marks its first investment with the Des Moines, Iowa-based institutional real estate manager.
The fund management arm of the New York-based developer has teamed with the JP Morgan Asset Management subsidiary to originate high-leverage debt for US real estate projects.
The private equity real estate investment arm of Bogota-based property developer Terranum has completed fundraising for its first investment vehicle, which will pursue residential and retail projects in Peru, Colombia and Mexico.
The Fort Worth, Texas-based private equity firm will invest $135 million in an Arizona-based homebuilder, marking its second senior housing transaction this year.
The $41.65 billion pension plan’s investment allocation for its upcoming fiscal year includes up to $700 million for US and international commingled funds.