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...Recovering funds for the global investors holding more than $20bn in Evergrande’s offshore bonds, as well as other creditors, could hardly be further from the experience of repaying those exposed to Lehman...
...Barings added that Corinthia, which was founded by former real estate executive Paul Weightman in 2022, continued to contact other employees within its private credit business in the days that followed....
...As one sharp reader, Peter, pointed out, this compares apples (the value of real estate assets) to oranges (the value of real estate investment trust equity)....
...Amherst Group, a real estate investment company, has hired Evan Levy as a vice-chair and member of the executive committee. He was previously co-head of real estate at Weil....
...Flatt’s second-quarter letter to shareholders said (with our emphasis): Our real estate business continues to benefit from strong tenant demand for space in high-quality, well-located buildings and shopping...
...This helps explain why the People’s Bank of China, faced with a massive real estate bust, has only gradually cut rates, which remain well above 0 per cent....
...As a result, we expect the opportunity set in real estate-related credit to remain outsized relative to real estate equity over the investing cycle....
...Commercial real estate could create, say, $40bn-$50bn in losses; it’s not a structural dynamic of the US economy. Residential would be....
...The move signals that the world’s largest alternative asset manager considers its growth prospects in the decade ahead lie away from the traditional private equity buyout and real estate businesses that...
...Sharps said the company plans to further reduce expenses through “real estate optimisation” — consolidating offices into less space — rather than by eliminating more staff....
...Its finances have deteriorated sharply in the face of falling commercial real estate values and rising interest rates....
...in the post-GFC era” (while hedge funds and real estate “significantly” hurt returns)....
...Long-term success is higher among foreign equities, real estate and bond funds, while it is lowest among US large-cap funds....
...It has teamed up with Optimum Asset Management to raise a €500mn real estate fund....
...The stock prices of rival US real estate sites Zillow and Redfin are both well below pre-pandemic levels, and real estate markets have been frozen by interest rate increases....
...It makes perfect sense that at a moment when risk-free yields are barrelling upwards, the sectors often thought of as bond substitutes — utilities and real estate — should perform terribly....
...While his law practice and real estate investments would help him mint his first million dollars, it was his relationship with Buffett that ultimately made him a household name (when he was first named to...
...Unlike peers including KKR and Blackstone, it has not pushed into other areas such as credit, real estate and infrastructure, choosing instead to focus on leveraged buyouts....
...Sales slid at the apparel and shoemakers it owns, which includes Fruit of the Loom, and its real estate-related businesses which continued to struggle with lower demand given high mortgage rates....
...estate (FT)...
...That will provide an additional boost to Johnson’s efforts to boost earnings by building out the firm’s offerings in high-fee areas such as real estate and private credit....
...The flipside to rising rates has been added pressure on borrowers across the economy, with worries about loan defaults, especially in commercial real estate....
...Late last year, Brookfield spun off its asset management operations into a publicly listed company, separating it from a broader corporate empire that owns more than $30bn in real estate globally as well...
...Munger said he had made most of his money from just four investments: Berkshire, retailer Costco, his investment in a fund managed by Li Lu’s Himalaya Capital and Afton Properties, a real estate venture...
...Its real estate brokerage and building materials businesses reported that sales slid, mirroring the wider housing industry....
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