Zoe Hughes

As private fund managers look to the US public markets to raise capital, one public REIT is looking to a private fund to take advantage of the downturn. By Zoe Hughes

The Singapore-listed leisure investment firm and developer has held a final close on its Banyan Tree Indochina Hospitality Fund, short of its original $300m to $400m target. The vehicle's core asset will be the Laguna Hue resort development.

Milan-based funds of funds Advanced Capital is bringing its charge to the US by hiring CalSTRS real estate portfolio manager Bryan Bailey as a senior advisor. PERE magazine, July/August 2009

Is the heady rise of public-market real estate vehicles predictive of the private-market future? By Zoe Hughes. PERE magazine, July/August 2009.

The private equity real estate shop set up by former Warburg Pincus executive Reuben Leibowitz and investment firm Real Estate Capital Partners paid $31 million for the affordable multifamily arm of MMA Financial.

Just as Starwood Capital plans a $500m debt IPO, Colony Capital also launches its own debt vehicle, Colony Financial. This is the first time Colony has managed a REIT, according to regulatory filings.

The industrial developer and investment firm has closed on three loans totalling $347m, allowing it to pay down its remaining corporate maturities for this year, and a portion of the debt due in 2010.

After TARP, TALF and PPIP, what the US banking system really needs is an RTC to clean up toxic real estate loans, says Zoe Hughes

The hotel group acquired by the New York-based private equity real estate firm in June 2007 for $7.4bn has filed for bankruptcy protection after it failed to restructure around $7.6bn of debt. There are no plans to close or sell the hotels.

Cerberus expects to make a 100% recovery on the secured $700m loan. The hotel group was acquired by an investor group led by private equity real estate firm Lightstone Group in June 2007 for $7.4bn. There are no plans to close or sell the hotels.