Zoe Hughes
Anthony Niosi has teamed up with Chicago private equity firm Roseworth Capital, led by former JMB executive Michael Herzberg, to create NRCP, which initially will target US multifamily as well as public real estate deals.
The New York-based firm was more than 20% oversubscribed for its fourth vehicle, which will target LP interests in core assets in the US and Europe.
With concern mounting over inflation and future jobs growth, should investors eyeing the US start asking for a risk premium on their real estate investments?
Over the past 10 years, value-added and opportunistic private real estate funds achieved 8.7% unlevered returns net of fees, according to a new index of more than 270 private funds unveiled by Partners Group and Thomson Reuters.
The New York development company is raising a distressed opportunity fund to target loans and assets across all real estate sectors in the US. The firm has closed on $250m of commitments to date.
After hitting an all-time low of just $2.7bn of new CMBS issuance in 2009, the securitisation market is expected to originate up to $15bn per quarter in new deals, with large portfolio refinancings pushing the figure up to $65bn.
As hundreds of billions of dollars of commercial real estate debt matures over the next few years, transaction volume will increase dramatically, not least in the US' secondary markets. Quality, however, will be key
The $228.3bn public pension will target private core real estate through separate accounts focused on the US, as it warns commingled funds will be the investment vehicle of last resort.
As the European fund manager looks to expand in the US, it is considering creating new platforms through JVs with other GPs.
The Bethesda, Maryland firm, co-founded by Robert Johnson (pic) and Thomas Baltimore, is talking to LPs about consolidating its Urban Lodging Fund II and Fund III for a possible IPO as a public REIT.