Blackstone takes aim at publicly listed real estate vehicles

Buyout group has spent billions of dollars taking four ‘Reits’ private since start of the pandemic Blackstone has opened a new front in the private capital industry’s quest to supplant the stock market, taking aim at publicly listed real estate investment trusts that have fallen out of favour with investors as inflation and recession fears […]

Short-Term Rentals Attract Private Equity Seeking New Asset Class

Some of the biggest names in private equity firms, hedge funds, and alternative asset management are chasing investments in short-term rentals and vacation rentals as new assets to diversify their portfolios. Veteran, well-capitalized investors such as Blackstone Group, Davidson Kempner Capital Management, and Harrison Street would like to develop exposure to alternative hospitality lodging, according […]

Apollo Is Buying Greenwich Office That’s Popular With Finance Firms

The private equity giant is purchasing 100 W. Putnam Ave. from Boston-based Rockpoint Group for roughly $200 million, according to Joanna Rose, a representative for Apollo. The 155,500-square-foot (14,400-square-meter) property is fully leased, with other tenants including JPMorgan Chase & Co., Strategic Value Partners and UBS. Apollo plans to occupy the first floor and part […]

KKR, TIGA to buy flexible office space company TEC

KKR and TIGA Investments have agreed to buy The Executive Centre (TEC), a provider of premium flexible office space solutions in Asia-Pacific and the Middle East. TEC pulled a sale process, reportedly seeking up to US$750m (€) for the business, in September 2019 because offers then not up to its expectation at a time when Hong […]

Grant Cardone Strikes Again With Another South Florida Multifamily Acquisition

Cardone Capital acquires Camino Real Apartments, a 325-unit multifamily property in Boca Raton, FL. Real estate investment firm, Cardone Capital LLC, announces their acquisition of Camino Real Apartments, a 235-unit apartment community located in downtown Boca Raton. This acquisition is part of the firm’s strategy to provide investors with the opportunity to participate in institutional-grade […]

Ares Management Corporation Closes Oversubscribed Third U.S. Opportunistic Real Estate Fund

Ares Management Corporation, a leading global alternative investment manager, announced today the final closing of its Ares U.S. Real Estate Opportunity Fund III, L.P. The Fund, which targets distressed, repositioning, and selective development opportunities, was oversubscribed with approximately $1.7 billion of commitments compared to its $1.5 billion target. This marks the largest U.S. real estate […]

Cerberus Raises $2.8 Billion for Flagship Global Opportunistic Real Estate Strategy

Cerberus Capital Management, L.P., yesterday announced the closing of approximately $2.8 billion of commitments for its flagship global opportunistic real estate strategy. Cerberus Institutional Real Estate Partners V, L.P. (“CIREP V”) closed with more than $2.5 billion in commitments with an additional $300 million committed to a dedicated investor fund for the strategy. CIREP V […]

Private Equity Thinks Student Property Is a Post-Covid Winner

Private equity firms are ramping up their investments in the U.K.’s student accommodation market, pumping hundreds of millions of pounds into a resilient sector with an eye on high rental returns in post-Brexit, post-Covid Britain. More than one-third of deals for student property in 2021 so far have been financed by private equity, compared to […]

Oaktree Capital rings up $4.7 billion with latest real estate fund

Oaktree Capital Management closed its largest real estate fund, Oaktree Real Estate Opportunities Fund VIII, and related vehicles with about $4.7 billion, a news release Tuesday said. The new fund already has invested or committed roughly $1.7 billion in distressed real estate-related securities — made earlier in the pandemic — and more recently in financing […]

Signal Capital raises €900m for European credit and real estate fund

Signal Capital Partners has raised €900m for its European credit and real estate special situations investments fund. The London-based private asset management firm said the fund has been backed by investors including pension funds, insurance companies, financial institutions and single-family offices across EMEA and North America. The fund, which targets transactions of €25m–75m, has made […]