Zoe Hughes

The New York-based firm is targeting office, residential and industrial projects in Rio de Janeiro and expects to close between five and six deals, representing up to R$147m of equity, in the next 60 days.

The New York-based firm has acquired a 40% stake in a pool of 102 commercial real estate loans, primarily in Florida and Georgia, for roughly $7 million. To support the deal, Hudson will open an office in Florida.

The nursing home chain taken private by Carlyle in 2007 has agreed to sell 338 skilled and assisted living facilities to healthcare-focused REIT HCP.

The $4.7bn global opportunity fund has purchased the restructured mezzanine debt secured by Blackstone’s Hospitality Europe portfolio after the properties’ senior mortgage was renegotiated.

The estimated $1.1tn of equity sitting on the sidelines of the US real estate market will largely stay put until property fundamentals start to show signs of improving.

The race for ING REIM nears a conclusion with TPG, CBRE, Jones Lang LaSalle and Ares Capital Management all submitting final bids. Some of the finalists, though, have come as a surprise to the industry.

KKR, Vornado have bowed out of the running to buy the real estate investment management platform, as TPG, CBRE, Jones Lang LaSalle and Ares Capital Management make it through to the final round of bidding.

The $17.6bn public pension is looking to invest up to $300m in one or several core, commingled funds as it makes its debut into the asset class.

Kasra Sanandaji has joined the New York-based firm as vice president of investments, following stints at Waterman Interests and Stellar Management. Sanandaji will report to Lightstone investment chief Arvind Bajaj.

With equity and debt investors concentrating on the country’s key metropolitan markets, fund managers could be missing out on potential deals in the middle of the US.