Robert Johnson’s second hospitality fund will have $2.5bn in buying power, most of which will be used to acquire a $1.7bn hotel portfolio from White Lodging Services.
The global investment manager is launching five property funds including two inaugural vehicles focused on infrastructure and healthcare.
The REIT has said it will pay up to $190m for 44 of the toy retailer’s shuttered locations. Vornado teamed with KKR and Bain Capital to buy the chain last year.
The London-based private equity firm is to raise money in the public markets by launching a vehicle that will co-invest alongside its real estate arm.
In a joint venture with Taconic Investment Partners, the New York-based firm has bought nearly 1,000 units in Brooklyn for $90m.
The Chicago-based firm sold the portfolio to Colony Realty Partners, the core and value-added affiliate of Colony Capital, for $46m.
The private equity firm wants to move into the residential property sector by backing Countrywide management in a buyout worth up to £900m.
The real estate arm of the New York-based investment bank has closed its third open-ended funded on $2.2bn. It will have exposure to private and public equity and debt securities.
The investment bank’s fifth domestic opportunity fund is four times larger than its predecessor and is already 60 percent invested.
Sam Zell’s international private equity real estate firm has acquired a $50m interest in a shopping mall developer with a presence in Chile, Argentina and Peru.