The Chicago Transit Authority, the second largest mass transit agency in the US, is looking for private sector partners to fund capital expenditures for an open fare payment system for its 2,222 buses and 8 subway lines. The winning bidder may be given the exclusive right to collect money from the CTA’s 500,000 annual patrons.
2 min read · 08 February 2013
The two real estate fund managers are turning to the public markets to raise capital for their next debt vehicles. Brookfield Realty Capital Corp. and Marathon Real Estate Mortgage Trust are targeting $500m and $300m respectively.
2 min read · 08 February 2013
Indications are that African risk continues to be overrated and experienced investors will be able to lock in superior risk-adjusted returns. By Alasdair Maclay
8 min read · 08 February 2013
Africa has an enormous need for infrastructure projects. But investors say deals still take too long to get off the ground, and too long to complete – and it’s not the credit crunch they blame. Philip Borel reports.
6 min read · 08 February 2013
The London-based property fund manager is reportedly targeting the British real estate market with its UK Value Fund. The firm has raised £90m to date.
1 min read · 08 February 2013
Internet traffic is growing rapidly, and so is the need to store data in safe, reliable places. A UK-based fund manager is pursuing an investment strategy based on the trend. Philip Borel reports
5 min read · 08 February 2013
The $123.8bn California pension plan took a 50% write-down in its value-added/opportunistic real estate investments in the year to 31 March 2009. The pension has completely written off its equity in some funds, while others are currently reporting IRRs of more than -100%.
2 min read · 08 February 2013
Prudential Real Estate Investors has disposed of a 570,000-sq-ft office to US REIT KBS. It comes as the real estate investment firm also repaid $145m of a $616m credit facility with JV partner Kimco Realty.
2 min read · 08 February 2013
The metal parts manufacturer is negotiating with debt holders over a debt exchange that is integral to the closing of the deal.
2 min read · 08 February 2013
Private equity firms will face lower barriers to investment in banks, after the US banking regulator voted to modify some of the more controversial aspects of its regulations for private equity owners.
3 min read · 08 February 2013
