As institutional investors expand their definition of real estate to include infrastructure and other alternatives, wind farms are drawing their attention. And their dollars.
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 Robert Bass-led buyout shop acquired the company, which operates travel stops along US highways, for $731m in 2000.
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.
You may not have heard of The John Hancock Mutual Life Insurance Company—but you probably know their real estate.
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.