Witnesses at a US House committee hearing agreed that the booming private equity industry is not at fault for America’s growing divide between the rich and poor. Opinions diverged, however, as to how best address this phenomenon.
The San Francisco firm’s offer of $69.25 per share has been deemed “superior” by the board of Genesis Health Care—though there is still time for a counter-offer from JER and Formation.
Following similar moves in other emerging markets, the bank’s real estate special situations fund is buying into a Polish developer to gain exposure to the country’s burgeoning property market.
Alternative investment firm Investcorp has acquired nine US hotels for $450m—in addition to buying a single hotel in Milwaukee.
The London-based firm has purchased a holiday home site on Spain’s Costa Dorada just two weeks after shares in Spanish residential firms tumbled on concerns of oversupply.
The property arm of the New York-based hedge fund has filed documents for a $200m publicly traded REIT focused on investments in real estate debt.
Washington-based real estate investment bank Perseus Realty Capital has added Jay Jarrett to its roster as it looks to establish a fundraising practice.
The UK private equity real estate firm is returning 3.3 times its invested capital three years after it acquired the retail portfolio.
John Brady, a 16-year veteran of Colony Capital, has joined Oaktree as head of the firm’s real estate group.
Fortress Investment Group has acquired Florida East Coast Industries, which focuses on real estate and railroads, for $3.5bn.