Citing an "adverse effect on the business," the two firms end their $1.1 billion agreement to acquire stakes in 64 Innkeepers hotels.
1 min read · 15 January 2013
If infrastructure, like the wider economy, had its private sector debt bubble peaking in 2007, then, like in the wider economy, it should only be a matter of time before its own sovereign debt crisis bursts onto the scene.
3 min read · 15 January 2013
The Los Angeles-based alternative asset manager has purchased the investment business of the Chicago-based debt provider, with the intention of expanding further into commercial real estate lending. Consequently, Ares has formalized its real estate efforts by creating a dedicated team.
2 min read · 15 January 2013
The Italian infrastructure investor was said to be seeking €100m in damages over the failed placement of an infrastructure fund in 2007. Both parties say the dispute has been resolved ‘amicably’, without mentioning if any damages were paid.
1 min read · 15 January 2013
In its second quarter results, the New York-based asset manager reported that revenue growth in its real estate segment had sextupled, largely from increased management fees, and also revealed a second closing for its latest real estate fund.
3 min read · 15 January 2013
Leon Black-led Apollo – which has approximately $10bn in dry powder – believes the volatile markets could be rife with opportunities.
2 min read · 15 January 2013
Leon Black-led Apollo — which has approximately $10bn in dry powder — believes the volatile markets could be rife with opportunities.
3 min read · 15 January 2013
Six months after determining it would commit up to $1.2 billion of equity commitments to real estate value-added and opportunity funds, Korea’s largest institutional investor has made four commitments to managers deploying strategies in North and South America.
2 min read · 15 January 2013
Wesley Edens, Robert Kauffman, Peter Briger, Randal Nardone and Michael Novogratzhave have entered into new five-year contracts as Fortress reported ‘off expectations’ second quarter results.
2 min read · 15 January 2013
Six months after determining it would commit up to $1.2 billion of equity commitments to real estate value-added and opportunity funds, Korea’s largest institutional investor has made four commitments to managers deploying strategies in North and South America.
2 min read · 15 January 2013
