As the real estate industry looks forward to 2009, PrivateEquityRealEstate.com looks back at the past 12 months and the most read stories of the year. Dreier founder, Marc Dreier, admitting to key aspects of a $113m scam was the number one story.
3 min read · 12 January 2013
The Switzerland-based firm was targeting $1bn for its second Asia-focused ‘programme’, a series of vehicles which will invest in primary funds and secondary transactions and also partner on direct investments.
2 min read · 12 January 2013
The death of the BCE deal marks the end of one cycle but signals hope for another, writes Suzanne Weinstock.
2 min read · 12 January 2013
The New York-based firm will use its equity in Chrysler’s automotive operations as an incentive for labour and creditors in the restructuring of the struggling automaker, while cautioning that its funds are not an ‘ATM machine’.
2 min read · 12 January 2013
Though a fraction of the size of its US counterpart, European venture in 2008 was potentially the best performing private equity market in the world, writes Simon Cook.
2 min read · 12 January 2013
Matthew Rose, head of the second largest freight railroad in the US, also believes that private equity firms cannot provide a more attractive cost of capital to railroad assets once they buy them.
1 min read · 12 January 2013
The credit specialist is establishing a credit dislocation and a credit hedge fund to take advantage of the liquidity crisis in the US. The firm hired Mark Zusy, a former Lehman executive, and Sukai Liu for the New York office.
1 min read · 12 January 2013
The retirement community REIT, American Land Lease, will be bought by the Chicago-based private equity real estate firm. The deal is expected to close early 2009.
2 min read · 12 January 2013
As real estate markets globally start the process of deleveraging and repricing, private equity real estate veterans in Canada say the country is well placed to handle the downturn – but warn deal flow is off at least 40% over the past year, with cap rates up at least 1%.
2 min read · 12 January 2013
The Robert Bass-founded private equity firm is nearing its $4bn fundraising target and expects a final close in February.
1 min read · 12 January 2013
