Hints and tips:
...Blackstone owes the University of California twice as much as it did last quarter as part of a complex transaction to shore up its flagship real estate fund....
...In his comments to the FT, Gray predicted real estate values would begin to rise again soon as interest rates fell. “We really see real estate bottoming from a valuation standpoint,” he said....
...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....
...estate and infrastructure....
...Sangeeta Prasad is chief executive of Mahindra Lifespace Developers, the real estate arm of the Mahindra Group engaged in creating new cities and industrial clusters....
...But that’s exactly what happened after we revealed that Russian oligarch Alisher Usmanov (left) made a $1.3bn bid to buy US real estate developer Stan Kroenke (right) out of his controlling stake in Arsenal...
...The value of Carlyle’s so-called carry funds — vehicles including buyout and real estate funds on which it earns carried interest, a share of future profits with investors — climbed 5 per cent....
...In its “real assets” unit, Carlyle made a net $34m in performance fees in the quarter — up from $28m last year — off higher realization in its real estate funds in the US....
...Blackstone’s fund, Europe Real Estate Investors V, will target the same returns as its previous one launched in 2014 — a 20 per cent gross internal rate of return, or 15 per cent net of fees....
...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...
...Mr Bonderman led an investment group that put more than $7bn into the troubled bank in early 2008, arguing the opportunity was similar to 20 years earlier when the market last seized up over bad real estate...
...It also owns an infrastructure investment arm, Borealis, and a real estate group called Oxford Properties, both of which have done deals in Europe....
...Distributable earnings are less than half their early 2007 level – at a time when AUM was half its current level, and the $22bn Fund V as well as some real estate funds are still below their projected hurdle...
...Apollo has been eyeing real estate for months and recently launched a real estate private equity fund and a mortgage real estate investment trust in the US....
...Mr Black described his purchase of real estate broker Realogy a little more than nine months ago – in the middle of the US housing crisis – as an example of his firm’s contrarian approach....
...While there is no direct link, property prices are an important indicator of sentiment in India’s financial capital, where real estate and stock market valuations often move in tandem....
...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...
...In the past twelve months, Blackstone has raised $30bn across a range of alternative asset investment businesses, including $7.2bn for real estate, $2.7bn for corporate debt and $620m for hedge funds....
...Morgan Stanley is close to raising a record $4.2bn for its global Real Estate Fund V, $1.25bn for a new US-only fund and $1bn for a special situations property fund, according to the Real Estate Alert newsletter...
International Edition