Despite Prudential Real Estate Investors' global heft, chief executive officer Allen Smith believes the firm is as nimble, and flexible, as any boutique operation. By Zoe Hughes
Elliott Broidy, head of Markstone Capital, was not found to be uncooperative and has been given more time to meet SEC requests for information and testimony.
Direct real estate investing takes centre stage as Korea’s national pension fund seeks rapid growth in alternative assets. PERE magazine October 2009
Pension Consulting Alliance managing director Judy Chambers said the interest shown by managers was ‘in line’ with the consulting firm’s expectations. The next steps in the process are up to the pensions who will be provided the information requested by the PCA.
The New York-based real estate investment firm pulls plans for a mortgage REIT after poor showing in the public markets.
The private equity real estate firm, together with Fortress, DE Shaw and Five Mile, has offered $3.5bn for the hotel group’s $4.1bn first mortgage, according to the WSJ. The plan would rival a bankruptcy court reorganisation plan.
US pensions are looking to educate themselves about infrastructure asset managers – the best sign yet that they may yet follow Australian superannuation funds in fueling the growth of the asset class in a big way.
Donald Bethe has joined Kennedy Wilson’s capital markets team as senior managing director.
The sovereign wealth fund of Singapore looks to alternative assets, including real estate, private equity and infrastructure, to mitigate against further losses after its portfolio shrink by more than one fifth in the past year.
Around 116 opportunistic funds were seeking to raise $109bn in capital as of August, according to Clerestory Capital Partners. By Q2, 47 funds targeting $35.5bn failed to come to market or were put on hold, particularly emerging market strategies.