Real estate funds raised $29.7 billion in 2008, almost twice the capital raised in 2007.
Mega-firms with dry powder are breaking the LBO mould to get deals done, writes Toby Mitchenall.
Following a period of frenzied fundraising for pan-regional Asian funds, the focus is now shifting to standalone pockets of opportunity, writes Siddharth Poddar.
The Cincinnati-based real estate investment firm secured commitments from nine investors for its fourth vehicle, PERE has learnt. The firm has also bought its first asset, a 170,000-sq. ft Target-anchored centre in Phoenix.
The New York firm has raised an opportunity fund to acquire mortgage securities, structured products and other opportunities from the US mortgage market.
The Sydney-based property company has formed a joint venture with Bank of Scotland lasting three years as part of efforts to put its financial future on a more secure footing.
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.
The listed debt investor has launched a fully underwritten rights issue and has raised €475m for its 2008 Recovery Fund.
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
Qiming brings in three, raises $320m * Philipp to go it alone in MENA * Morgan Stanley appoints Japanese PE head * JPMorgan pro joins Blackstone's GSO * Paul Capital appoints Hong Kong office head * Carlyle hires Citibank Japan president * Credit Suisse appoints Asian head of sponsors