Opportunistic Buyers Home in on German Distress Calls
Germany is a favourite market for opportunistic investors, which have set aside a defined pool of capital for investments in distressed property there. As Phillip Burs, chief executive of Corestate Capital, says: “When it comes to a stressed or distressed deal, you want that to be in a stable, robust economy and Germany is one
Splitting Up Ownership to Ride Out a Rough Spot
It is not obvious from the names on the deeds, but 655 Madison Avenue. the Backer Building at 136 Madison Avenue and 304 Fast 45th Street in Manhattan share a new owner. All three office buildings still belong to the joint ventures that have owned them for years, but in January a real estate private
Madison International Is Not a Traditional Secondaries Firm
The Madison way Madison International Realty is not a traditional secondaries firm in that it buys direct interests in buildings rather than fund interests. In an interview with PERE, president and founder Ronald Dickerman explains the latest trends helping his business Madison International Realty, a New York-based firm with offices in Frankfurt and London, is