Hints and tips:
...Having joined Sotheby’s as a management trainee, Kraft became managing director of its European real estate department in 1998 at the age of 26....
...So it’s no surprise that for his latest management refresh, he has turned to an old friend....
...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....
...Senvest Management, a New York-based hedge fund, has written to the board of directors of Northstar Realty Europe Corp claiming the company has suffered from high management fees and should be liquidated...
...Colony Capital, a real estate company that grew by investing in distressed mortgages after the financial crisis, merged with Northstar Realty and Northstar Asset Management in January last year to create...
...Donald Trump’s son-in-law and adviser met Joshua Harris, co-founder of the private equity group Apollo Global Management, and Michael Corbat, chief executive of the US bank Citigroup, while Mr Kushner was...
...guarantor propped up by US taxpayers a decade ago after the subprime housing crisis, backed a $550m loan to the building’s owners — Moinian Group, among New York’s largest private landlords, and SL Green Realty...
...The deal will double Apollo’s real estate assets under management to $27bn and take its total assets under management from over $162 billion to $182bn....
...They now have support from shareholders representing 31.6 per cent of Songbird’s free float, having received letters of intent from EMS Capital, Madison International Realty and Third Avenue Management....
...It also has management contracts for properties in New York, Boston and Chicago....
...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....
...“Management enters the public market with something to prove,” said Michael Knott, an analyst with Green Street Advisors....
...The controlling general partner is owned by American Realty Capital, a property investment group with no background in oil and gas production....
...They include Ellington Management, Fundamental REO, whose fund received a large investment from Goldman Sachs and Barry Sternlicht’s Starwood Property Trust, analysts have said....
...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...
...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...
...Minnesota-based Silver Bay Realty Trust, which also seeks to purchase, renovate and rent out homes, has seen its shares rise more than 14 per cent since it raised $245m in a December offering....
...While you might pay a lot less for the original purchase, the management expenses are far greater.”...
...Realogy Holdings, owned by private equity group Apollo Global Management, has set the terms of a $1bn share offering as it prepares to kick-off its roadshow next week....
...Realogy, the US residential property broker, which operates estate agency franchises including Century 21 and Sotheby’s International Realty, was bought by an Apollo affiliate in April 2007 for $6.8bn....
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