Influential shareholders opposed the buyout saying the $211m price tag undervalued the company.
The joint venture will acquire $200m in land for residential development in Illinois, Indiana, Michigan and Wisconsin.
The Chicago-based firm’s first vehicle has already invested in self-storage and student housing and will also target medical office and senior housing.
The distressed loan specialist and real estate investor is buying a portfolio of German properties as Europe’s largest economy continues to recover.
A joint venture between Walton Street and Westbrook Partners has acquired The Drake Hotel, which has played host to everyone from Queen Elizabeth to Hollywood royalty.
A blogger in China is taking on the powers that be, urging local Shenzhen residents to boycott the real estate market.
GI Partners, a trans-Atlantic private equity firm, has raised $1.45bn from investors including CalPERS, ATP and Abu Dhabi Investment Authority.
The infusion will fund completion of Mills Corp’s troubled Xanadu entertainment and shopping complex, which is now expected to cost $2 billion, two-thirds higher than the original projection.
The British private equity real estate firm is offloading the rights to develop a shopping center in Sweden’s capital as it continues its sales spree.
The US investor is buying an office above London’s busy Fenchurch Street station as it reaches the half way investment mark for a European fund.