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Real estate secondaries volume hit a three-year high last year with $7.2bn trading.
Origami
The firm backs restructurings in private equity and private real estate, among other complex deal types.
New York
Vintage Real Estate Partners II held an interim close on $330m last year.
New York
The real estate direct secondaries firm has already invested one third of Fund VII’s capital since its launch.
Carlyle
The Q4 year-on-year drop from $7m to $1m is due to the run-off of legacy assets and several large fundraisings having yet to come to market, said co-chief executive Glenn Youngkin.
Real estate
Around $7.2bn worth of real estate secondaries deals closed or were placed under contract last year, according to research from Landmark Partners.
Pretium’s $1.5bn deal is one of the largest GP-led secondaries transactions recorded, as such deals account for a growing share of the market.
buildings
Strategic Partners Real Estate VII is targeting very mature assets in major cities, with potential for a quick sale.
construction
The Carlyle Group subsidiary's Sarah Schwarzschild and David Lei discuss drivers of RE secondaries deals, GP-led transactions in the asset class and their approach to Brexit.
Deal volume in the asset class fell almost 40% during the period – a dip which is expected to be temporary.
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