Subject: Non-institutional investors (HNW)
Royal Equity Looking to Invest Up to $10Mln in Real Estate Projects
May 16, 2002 NARBERTH, Pa. – Royal Equity Partners plans to offer equity capital for real estate projects in partnership with developers and investors.Royal Equity, a subsidiary of Royal Bancshares of Pennsylvania and Royal Bank of Pennsylvania, will have the ...
Max Capital Gets President, Chief Investment Officer
May 6, 2002 NEW YORK – Anthony Westreich has been named president and Bruce R. McLean has been named chief investment officer of Max Capital Management Corp.Adam C. Hochfelder, who last month acquired full ownership of Max Capital, a New ...
JER Looking for More Health Care Investments
The purchase of a 39-property portfolio of assisted-living facilities by the McLean, Va., investment firm won't be its last. The firm is said to be looking to opportunistically pursue acquisitions in the sector.
Wells Real Estate Aims for $1Bln of Purchases This Year
The investment firm, which manages a series of limited partnerships and a REIT, has embarked on an aggressive acquisition spree. It aims to buy properties that are net leased to tenants for periods of seven to 12 years.
Bear Floating $400Mln Hotel Securitization; Merrill Lynch Canadian Deal Out
January 29, 2002 Commercial Real Estate Direct Staff ReportBear Stearns is in the market with a $400 million CMBS transaction that is financing Blackstone Realty Advisors' purchase of the Homestead Studio Suites portfolio from Security Capital Corp.The deal, Bear Stearns ...
Benenson Capital Hires Lloyd Stabiner as CFO
January 22, 2002 NEW YORK – The Benenson Capital Co. has hired Lloyd D. Stabiner as chief financial officer. Stabiner has worked for 20 years at real estate management company Weiler-Arnow, where as financial vice president he was responsible for ...
Owner of Washington Offices Evaluates Sale, Refi
Athena Group, which bought 2233 Wisconsin Ave. last year and has completed its redevelopment, could sell or refinance the 141,000-sf office building.
American Real Estate Partners Loans Carl Icahn $250Mln
January 2, 2002 American Real Estate Partners LP (NYSE:ACP) is lending $250 million to its largest shareholder, billionaire Carl Icahn.The two-year loan carries an annual interest rate of either 3.9 percent or 200 basis points over 90-day Libor, whichever is ...
Group Buys Stake in Residence Inn Partnership
December 4, 2001 DENVER – An investment group has purchased 5,400 units, or 7.7 percent of the outstanding partnership units, in Marriott Residence Inn II LP for $1.5 million. The group, Madison Liquidity Investors 117 LLC, had offered to buy ...
Third Avenue Buys 1.2Mln Shares of St. Joe From duPont Trust
November 27, 2001 JACKSONVILLE, Fla. – Alfred I duPont Testamentary Trust, the majority stockholder of the St. Joe Co. (NYSE:JOE), has sold 1.2 million of St. Joe stock to Third Avenue Funds of New York City.As a result, the transaction ...
About
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
