Blackstone related stories
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JC Flowers, China, BofA join for LehmanThe financial-services private equity firm is working with China's sovereign wealth fund and the major US bank on a joint bid, according to according to a report from the Financial Times.
- REITs unload RE assets as credit crunch continues(2)
The US senior housing real estate investment trust, American Land Lease, is the latest company to announce a strategic review of its assets, including a possible sale of its properties. Since the start of 2008, the US REIT benchmark index, the FTSE NAREIT All REIT Index, has fallen 5.5 percent.
- Blackstone to buy home healthcare provider for $1.6bn(3)
Apria Healthcare Group, which has 550 branches, has also secured a $280m credit facility in conjunction with the take-private, a positive sign for for the leveraged buyout world as healthcare continues to be a favored target.
- Blackstone taps Merrill Lynch exec as CFO(3)
The private equity firm has hired Merrill chief operating officer Laurence Tosi to replace long-time partner Michael Puglisi, who will stay on as a senior managing director.
- Young and restless
PERE reveals 10 private equity real estate fund managers to watch.
- Gray: Hospitality not facing another 9/11(3)
Despite a massive constriction in liquidity and warnings of a US recession, Blackstone real estate co-head Jonathan Gray told a PREA audience that the hotel industry remains positive.
- Callahan chief urges senators not to ‘overreact’
Testifying yesterday before the US Senate Finance Committee, Timothy Callahan warned lawmakers not to impose new taxes on private equity real estate fund managers.
- James: Blackstone building Hong Kong team(2)
With $10 billion in fresh powder for global real estate investment, Blackstone is adding to its Asian firepower with a Hong Kong office, president Hamilton James has told PERE.
- Fundraising hits $71bn in 2007(2)
Private equity real estate firms around the globe last year set a new record on the fundraising trail, according to proprietary statistics from PERE magazine.
- Top trends of 2007: the rise of sovereign wealth(2)
PERE looks back at the year just passed for the trends that mattered most. Today we look at trend number four - sovereign wealth funds have become major forces in global real estate investing.