Institutional Real Estate Newsline
November 22, 2010: Vol. 18, Number 45Buy For $65.00 Add to Cart
11 Funds Close in Third Quarter, Raising $7.3 Billion
Fundraising for private equity real estate investment vehicles sank to a record low in third quarter 2010, as only 11 funds registered final closings, raising an aggregate total of $7.3 billion of equity, according to Institutional Real Estate FundTracker.
- Apollo Global Management Acquires Citi Property Investors
Brockton Capital Closes Second Fund
London-based Brockton Capital, a private equity real estate firm, has closed Brockton Capital Fund II with a total of £500 million ($805 million) in equity.
Capri Global Capital, Mara Group Join Together to Invest in Africa
Capri Global Capital has formed a joint venture with U.K.-based Mara Group to pursue high-quality commercial and residential African real estate developments to increase economic growth across the continent.
Integrated Asset Management and GPM Investment Management Launch GPM Real Estate Fund
Canada-based Integrated Asset Management Corp. (IAM) and its real estate arm, GPM Investment Management (GPM), launched a new real estate fund. GPM 12 will be the 12th fund in the series.
- Macquarie Group Completes Acquisition of Presidio Partners
Metropolitan Real Estate Investors Files for Chapter 11 Bankruptcy
Metropolitan Real Estate Investors, the owner of the Lipstick Building, the Manhattan office tower, filed for Chapter 11 bankruptcy.
- Senior Housing Properties Trust Buys Medical Offices for $470 Million
U.S. Commercial Real Estate Continues Rebound
U.S. commercial real estate has continued its rebound with an improved capital growth of 3.2 percent in the third quarter, according to the IPD U.S. Quarterly Property Index.