Evelyn Lee
The Toronto-based asset manager has pulled the plug on an agreement to take over three luxury resort properties in the Bahamas and Mexico from Kerzner International after a Delaware judge granted a temporary restraining order to halt the transaction.
The New York-based private equity giant will acquire a nine-loan portfolio, backed by US hotel, retail and office properties, from struggling German bank Eurohypo on behalf of the firm’s latest global real estate fund.
Private equity real estate firms have taken to filling the large, deep void left by commercial banks and other traditional real estate lenders. PERE Magazine, October 2011 issue
The New York-based real estate advisor and fund manager, in a joint venture with the Adler Group, will acquire a vast commercial portfolio in Washington DC for $350 million.
Ares Management has fulfilled its wish to break into real estate with the acquisition of the ‘best kept secret in real estate'. PERE Magazine, September 2011 issue
In conjunction with Westmont Hospitality, the Stamford, Connecticut-based investment management firm has acquired $700 million in loans backed by 143 Red Roof Inns, thereby assuming control of the properties.
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.
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.
The global accounting and advisory firm has appointed two partners to senior leadership positions in its Americas real estate practice.