Hints and tips:
...Starting with the 2005 transaction, the likes of Kimco, Lubert-Adler and Klaff, all of who are experts in “PropCos”, joined Cerberus in buying the unwanted Albertsons stores....
...Blackstone’s €6.6bn European Real Estate Fund IV, which is acquiring the portfolio, is an opportunistic fund that targets a 20 per cent gross internal rate of return, or 15 per cent net of fees, and holds...
...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...
...FT: So, are you with Jim Chanos – China real estate bubble? TJ: Actually I don’t think that China real estate is as inflated as the corporate securities....
...immense value, Target’s board has been unwilling to examine alternatives to unlock real estate value....
...Not wanting to make that mistake twice, Mr Ackman began to agitate publicly for Target to spin off its real estate assets....
...estate portfolio....
...On of Mr Ackman’s funds, Pershing Square IV, which is entirely devoted to leveraged investment in Target, reported a 90 per cent loss last year, and allowed investors the option of pulling out....
...The retailer’s real estate alone is worth that, he told Pershing IV investors in his letter. Even so, it doesn’t reflect well on Ackman....
...The New York-based group has in 12 months scooped $30bn from investors for a range of vehicles, including real estate, corporate debt and hedge funds – only $2bn short of the amount raised in its previous...
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