February 2011 Issue
TRIBUTE: Keith Barket 1961-2010
Senior managing director and global head of Angelo, Gordon & Co.’s real estate group. PERE Magazine, February 2011 issue.
SPECIAL REPORT: The making of a powerhouse
With the purchase of ING REIM in the queue, Los Angeles-based CBRE Investors is set to become the world’s largest real estate platform. PERE Magazine, February 2011 issue.
SPECIAL REPORT: Tackling Centro
Private real estate’s finest are scrutinising Centro Properties Group, one of the credit crunch’s largest casualties. But are its complex ownership structures too off-putting? PERE Magazine, February 2011 issue.
INTELLECTUAL PROPERTY: Morgan’s destiny
The departure of MSREI’s Jay Mantz raises questions over the real estate group’s future and whether it will recoup its title as a powerhouse of private equity real estate. PERE magazine February 2011 issue
FEATURE: The pain in Spain
Spain’s macroeconomic problems have put off many real estate investors, but some hardy firms have managed to find attractive situations to invest in. PERE Magazine February 2011 issue.
FEATURE: No place like home
The multifamily sector is leading the recovery for US real estate with rising rents and occupancy levels. However, as increasing amounts of equity start to target the sector, is multifamily in danger of becoming yet another bubble? PERE magazine February 2011 issuE
EUROZONE: OTC rule is over the top
A new regulation on over-the-counter derivatives could unjustly catch opportunity funds and potentially ‘devastate’ returns for leveraged property funds – so please lobby. PERE Magazine February 2011 issue.
EUROPE NEWS: Swiss watch
A sale of nonperforming loans by Swiss bank UBS has added to an air of optimism among hungry buyers of ‘bad bank’ assets Cash-rich buyers of “bad bank” assets have been moaning about the lack of deals in Europe, but they may not be able to do so for much longer. PERE Magazine February 2011 issue
EUROPE NEWS: Right place, right time
The new head of global real estate at the advisor to Norway’s sovereign wealth fund has arrived at an auspicious moment Karsten Kallevig has enjoyed a fortuitous start to his time as global head of real estate at Norges Bank Investment Management, the advisor to Norway Government Pension Fund Global. PERE Magazine February 2011 issue
EUROPE NEWS: Great Dane
ATP, the pension fund from Denmark, has just allocated €700m to invest in unlisted real estate, joint ventures and club deals. PERE Magazine February 2011 issue.
EUROPE NEWS: Investors check into Europe’s hotels
Increased travel is helping put hotels on the radar of private equity real estate firms operating in Europe Private equity real estate professionals haven’t just been staying in Europe’s hotels as they scout investments. Lately, they have been buying them. PERE Magazine February 2011 issue.
EDITOR'S LETTER: In with the new
PERE Magazine, February 2011 issue.
BLUEPRINT: Goodwin hunting
Goodwin Gaw has forged a career out of calling market trends early – a journey that has taken him from iconic Los Angeles hotels to Chinese telecommunication properties. From Gaw Capital Partners’ head office in Hong Kong, he tells PERE what calls he’ll make next. PERE Magazine February issue 2011.
ASIAVIEW: From pills to property
Fresh from exiting a $4bn pharmaceuticals business, Religare is buying into private equity real estate via secondaries. PERE Magazine Janaury issue 2011.
ASIA NEWS: Overshooting the green
Goldman Sachs is set to offload its investment in Japanese golf course business Accordia. Some argue the exit should have been made before now. PERE Magazine February issue 2011.
ASIA NEWS: Small but large
Netherlands-based APG is investing through small clubs with an eye towards long-term partnerships with other large investors. PERE Magazine February issue 2011.
ASIA NEWS: Goodbye, with respect
Daniel Klebes left his role as chief investment officer at Aetos Capital at the end of December. Before he starts his next chapter, however, he wants to tie up loose ends respectfully. PERE Magazine February 2011 issue.
AMERICAS NEWS: Venture forth
AXA Real Estate is expanding its operations in the US and is creating new platforms through JVs with other GPs to fuel that growth. PERE magazine February 2011 issue
AMERICAS NEWS: The green, green grass
RLJ is considering the merger of its two hotel opportunity funds for an IPO exit, but will the funds’ assets and leverage weigh down potential pricing? PERE magazine February 2011 issue
AMERICAS NEWS: On the move
As the US becomes an increasingly important investment destination, the CEOs of RREEF and Grove International opt to relocate to the Big Apple. PERE magazine February 2011 issue
AMERICAS NEWS: Campus collection
Kayne Anderson holds a $120m first close on its second fund and eyes a $350m final close as it targets student housing. PERE magazine February 2011 issuE