As the secondary specialist continues to expand its investment team this year, Liquid Realty has added a fund controller to join the firm’s finance group.
Having just acquired a 7.5 percent stake in alternatives giant The Carlyle Group, the Abu Dhabi government fund Mubadala is again looking to make waves with a $3bn MGM Mirage resort in the city, the first of several such projects.
European property fund manager Cordea Savills has made three senior level hires for its Milan office, which it opened in 2005.
In a growing trend toward ‘green’ developments, Morgan Stanley Real Estate and East West Partners have partnered on the continued development of a 1,800-acre resort nestled in the Canadian Rockies.
People who keep secrets are evil – you've seen that movie. By extension, an asset class with no available information tends to scare people away. Not that anyone thinks private equity real estate is evil, but many potential investors have a hard time understanding how it has performed, how it should perform and how it should fit into their portfolios.
If US investors are serious about real estate returns, they'll have to leave the perceived safety of their home turf. Private equity real estate will benefit as they do.
Seller's regret in Paris; Going, going gone; Zen storage; Made in Romania
Pithy quotes from people in and outside of the real estate industry
Sovereign wealth funds are becoming major forces in the global investment market thanks to surging oil revenues and swollen currency reserves. These national funds are set to have a big impact on private equity real estate. By Dave Keating
Finally, private equity real estate funds of funds are taking off as investors look for geographic diversification. By Eva Poon