Business students at the school have recently launched their own private equity real estate fund, which aims to deliver returns to real-life investors. Here’s how they raised the money and plan to deploy their capital.
We asked Michael Osherovitz, FTI’s new head of its private client tax group, about the biggest issues facing HNW investors and family offices who have real estate holdings.
Any deal would require negotiations with the National Association of Realtors. Move’s Realtor.com operates under an agreement and trademark license with the group. The Realtors’ group is using the potential transaction to demand terms that would make an acquisition unappealing to CoStar or other potential buyers, according to one of the people familiar with the transaction.
The fund offers fixed and floating-rate senior, mezzanine and preferred-equity loans at rates of about 8 percent to 12 percent depending on the type of debt, according to Richard Litton, president of HGI.
The Wall Street Journal breaks down the competition in the race to land casino licenses in New York City. King Charles’ real estate company is suing Twitter over unpaid rent, reports Insider. These are among today’s must reads from around the commercial real estate industry.
