Hints and tips:
...Morgan Stanley has hired Luigi Rizzo as vice-chair of investment banking for Emea....
...Cerberus first invested in the company in 2006, and along with the property groups Kimco Realty, Klaff Realty, Lubert-Adler Management and Schottenstein Stores bought it from Supervalu in 2013....
...News round-up WhatsApp hack led to targeting of 100 activists (FT) General Motors warns of $2.9bn blow from US factory strike (FT) UBS becomes first foreign IPO sponsor on China’s Star (FT) Digital Realty...
...Under pressure from Senvest Management, a New York hedge fund, Colony last year slashed the management fees it collects from Northstar Realty Europe, a publicly traded real estate investment trust....
...They’re simply the best at what they do,” said Craig Deitelzweig, chief executive of New York-based Marx Realty....
...The company has been targeted by the New York hedge fund Senvest Management over Northstar Realty Europe, a publicly traded real estate investment trust from which Colony collects management fees....
...At one point, there were three Northstar entities: Northstar Realty Europe; Northstar Realty Finance, also a Reit; and Northstar Asset Management, which was meant to manage and earn fees on the other two...
..., an S&P 500-listed real estate investment trust....
...But while the strategy may make sense for investment managers, clients among the large institutions are becoming concerned....
...In terms of the UK market, we are seeing a shift in Asian investment to commuter belt territories rather than prime central London....
...KKR and Vornado have written off their investment over time, while Bain has been carrying it at near zero....
...While this might rein in investments, it’s unlikely to change seismic social shifts....
...The influx of tech executives is already making its presence felt in the market, says Robert Kesting, a broker with RE/MAX River Run Realty of Sun Valley....
...Apollo is buying control of the vehicle from real estate entrepreneur Nicholas Schorsch, who controlled American Realty Capital Properties, a Reit that has had significant accounting issues....
...Mr Costa’s appointment brings the number of board appointees nominated by Qatar Holding, the direct investment arm of the Qatar Investment Authority, back up to three....
...Orchard tweaks that slightly by offering a way for institutional investors to build a portfolio of direct lending investments....
...Gables develops, owns and manages apartments across much of the south of the country and operates as a privately held real estate investment trust (Reit) – a corporate structure that affords landlords a...
...The consortium – which also includes Kimco Realty, Klaff Realty, Lubert-Adler Partners, and Schottenstein Stores – will pay around $40 per share for Safeway, including $32.50 in cash....
...The US property company raised $929.5m in one of the largest initial public offerings of a US real estate investment trust....
...The controlling general partner is owned by American Realty Capital, a property investment group with no background in oil and gas production....
...Silver Bay Realty Trust has fallen 6 per cent since raising $281m in December, while American Residential Properties has dropped 11.7 per cent since it raised $287.7m from a May float....
...Others looking at a listing include units of investment fund Ellington Management; Fundamental REO, whose fund received a large investment from Goldman Sachs; Waypoint Homes Realty Trust; American Homes...
...Shares in Silver Bay Realty Trust have risen 10.5 per cent since it launched its IPO late last year....
...The Empire State Realty Trust, to be traded on the New York Stock Exchange, aims to bring together the landmark tower and other New York-area properties in its portfolio....
...Working with real estate groups Kimco Realty, Klaff Realty, Lubert-Adler Partners and Schottenstein Real Estate Group, the Cerberus consortium will pay $100m and assume $3.2bn in debt for 877 stores around...
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