Real Estate
Real estate remains a top-performing asset and in robust demand among institutional investors and high-net-worth investors. This best-in-class asset comprises nearly $300 trillion in global value and continues to climb as demographics fuel international demand. From REITs to capital flows, from private equity strategies and value creation to booming demand for luxury properties, the DailyAlts Real Estate channel covers the top news and insights in the spaceTop Story
Prescott Group Closes Strategies Fund I at $63.4 Million
Prescott Group announced the closing of its first real estate private equity fund. The Prescott Strategies Fund I closed with a total commitment of $63.4 million. The Fund will invest in both real estate-related debt and equity positions. It will also focus on distressed and value add investments.
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More Stories on Real Estate
Who’s Afraid of Carl Icahn? Not Putnam
Putnam Investments is on the opposite side of Carl Icahn’s massive short bet against mall owners’ debt. So is Alliance Bernstein. Putnam says Icahn is wrong to think malls are…
Activist Carl Icahn Is Shorting Mall Owners – Should You?
Activist Carl Icahn has taken another big bet against a sector. This time, the hedge fund manager is targeting mall operators. Icahn could earn $400 million or more if mall…
Mitsubishi Prepares to Launch U.S-Based REIT
Japanese trading giant Mitsubishi Corp. will launch its first U.S.-based real estate investment trust.
Recap of the Brookfield Asset Management Earnings Report
The Brookfield Asset Management earnings report emerged last week. The company had another solid quarter. Fee-related earnings before performance fees increased 35% over the prior-year quarter.
Casino “Whale” Caesars in Eldorado’s Net: Shareholders Green Light Their Merger
Thanks to Carl Icahn’s activism, and an $8.58 billion acquisition kitty, Eldorado is in the driver’s seat in US casino operations. It will soon have Caesars in its fold. After…
Mitsui Fudosan Scores Facebook as Tenant at Hudson Yards
Facebook is moving to Hudson Yard, the single largest private real estate project in the United States. The social media giant will lease 30 floors and three buildings in the…
Quarz Capital Pushes for Sabina-ESR REIT Merger
Quarz Capital Management is pushing for a merger of two large Singapore-based real estate investment trusts (REITs). The activist fund is pushing for a merger of Sabana Shari’ah Compliant Industrial…
Bad to Worse: WeWork Bonds are Plunging
WeWork bonds hit new lows this week after a financial review of the company MarketAxess.
A Profitable Portfolio: Let Casino REITs Boost Your Odds
Daniel Adams, an analyst at Nomura Instinet, thinks gaming REITs are likely to be re-rated higher by investors. Valuations in the three-player sector could notch higher based on property sales,…
The Top Market for European Real Estate Investment Is…
The top European real estate market for investors is Paris, France. That rank comes from a new report on emerging trends in the European markets from PwC and ULI. Paris…