December / January 2010 Issue
ROUNDTABLE: The resurgence of Germany
Five Frankfurt-based professionals discuss the renaissance of the German economy and the state of its real estate markets. PERE Magazine December 2010 issue
INTELLECTUAL PROPERTY: In all fairness
The case of a GP asking its investors to refund partially unclaimed deal fees for an investment it already had written off has caused consternation among some LPs. PERE magazine December 2010/January 2011 issue.
FEATURE: Chapters in history
The Chapter 11 filings of GGP and Extended Stay fuelled visions of steep discounts to be had for investors willing to wade into the quagmire of the US bankruptcy courts. Opportunities borne out of bankruptcy, however, are limited – and only for those with plenty of cash to invest. PERE Magazine, December 2010/January 2011 issue.
EUROZONE: Lenders of first resort
Alternative property lenders are stepping in to try to plug the financing gap, but they will not be enough to satisfy opportunity funds looking for a return to debt-fuelled acquisitions. PERE Magazine, December 2010/January 2011 issue.
EUROPE NEWS: Government funds pile into Europe
Norway Government Pension Fund Global’s debut purchase in London capped a busy few months for similar government-backed investors buying in Europe’s major cities. PERE Magazine, December 2010, January 2011 issue.
EUROPE NEWS ANALYSIS: ING sale comes down to the wire
As the deadline for bids on ING Real Estate Investment Management passes, a private equity firm and a REIT appear to be the primary suitors. PERE Magazine, December 2010/ January 2011 issue
EUROPE NEWS ANALYSIS: A new four-letter word in Europe
Despite several valuable measures for LPs, the Alternative Investment Fund Managers directive is likely to increase costs, leading some to wonder whether every protection is worth it. PERE magazine, December 2010, January 2011 issue.
EDITOR'S LETTER: Smooth Operators
While the idea of LPs teaming up with operators for investment partnerships is nothing new, it certainly has become more common this year. PERE Magazine, December 2010/January 2011 issue.
BLUEPRINT: Building to suit
As LPs shy away from commingled funds, an increasing number of GPs are tailoring their investment vehicles to suit investor needs. For Guy Jaquier and AMB Capital Partners, that’s always been par for the course. PERE magazine December 2010/January 2011 issue.
ASIAVIEW: Should I stay or should I go?
With Invesco as the sole bidder for AIG Real Estate’s Asia fund management business, investors in the platform’s uninvested fund have an important decision to make. PERE Magazine December/January issue 2010/2011.
ASIA NEWS: Expanding from Nippon
Secured Capital Japan will become part of a much bigger diversified business, thanks to an MBO backed by its senior management. PERE Magazine December/January 2010 issue.
ASIA NEWS: Flying from core
Traditional private equity real estate fund managers will be happy to learn that Korea’s National Pension Service is lining up a series of fresh commitments totalling up to $1.2 billion for value-added and opportunity strategies in the next quarter. PERE December/January 2010/2011 issue.
ASIA NEWS: Bay watching
MGPA just landed the biggest letting in Singapore since the global financial crisis for its Marina Bay development. Is it enough to silence the critics? PERE Magazine December/January 2010/2011 issue.
AMERICAS NEWS: Operational allocations
MayfieldGentry is targeting $400m for its second fund and expects its operator investment model to attract LPs looking to avoid the ‘double promote’. PERE magazine December 2010/January 2011 issue.
AMERICAS NEWS: New Jersey returns to real estate
The state commits $100 million to Lubert-Adler in its first private real estate investment since 2008. PERE magazine December 2010/January 2011 issue.
AMERICAS NEWS: Out of the shadows
In the wake of becoming the sole manager of CalPERS’ core multifamily portfolio, GID finds itself in unfamiliar territory – the spotlight. PERE magazine December 2010/January 2011 issue.
AMERICAS NEWS: Clearing the hurdles
As one new fund offers a 12 percent preferred return with no catch-up, industry professionals question whether the return hurdle should go ever higher – and the impact it could have on risk management. PERE magazine December 2010/January 2011 issue.
AMERICAS NEWS: Business as usual
Despite being up for sale, ING Clarion’s new CIO says the firm’s investment focus hasn’t changed as it eyes deploying more than $1 billion in 2011. PERE magazine December 2010/January 2011 issue.