Mon, Apr 21, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Farallon Capital Management closes Farallon Real Estate Partners

Thursday, February 20, 2014

Bailey McCann, Opalesque New York:

California-based Farallon Capital Management, L.L.C. has closed Farallon Real Estate Partners, a U.S. real estate investment pool with commitments of $375m to additional investments. Opalesque reported yesterday on the political aspirations of former Farallon principal Tom Steyer.

FREP is targeting income-producing office, multifamily, retail, and industrial properties and will seek to take advantage of Farallon’s unique insights, proprietary deal flow, capital market relationships and global reach. Investors in FREP include endowments, foundations, family offices and corporate pension plans.

Farallon ’s U.S. Real Estate Team is co-headed by Fried and Hirsch who are supported by a team of 8 investment professionals. Both Fried and Hirsch have spent over 10 years at Farallon.

The firm says it sees current opportunities in commercial real estate in the US. Initial investments will focus on cities with high levels of current job growth.

"Farallon has been investing in real estate for over 20 years" said Andrew Spokes, Farallon’s Managing Partner. "Over that period we have allocated well over $3.2 billion of capital to more than 130 transactions in income-producing properties. Raising dedicated commitments allows us to pursue an investment program tailored to this strategy, fulfilling a targeted investor ......................

To view our full article Click here

Banner
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Classic Auto Funds Limited (CAF) launches several car investing funds[more]

    Bailey McCann, Opalesque New York: A new trend in alternative alternatives is emerging - car appreciation funds. Classic Auto Funds Limited (CAF) is the first to market with several funds that make super elite luxury cars into real asset investments. As a result of growing overseas demand couple

  2. Investing – Big hedge funds bought Puerto Rico's junk bonds, Fidelity explores new trading venue amid flash trade concerns, Crisis-era Greek bonds reward early buyers with big effective returns, Cargill unit discloses stake in Freddie preferred[more]

    Big hedge funds bought Puerto Rico's junk bonds From Reuters.com: Several large hedge funds doubled down on Puerto Rico in last month's giant bond sale despite the U.S. territory's financial struggles, the Wall Street Journal reported, citing confidential documents reviewed by the newspa

  3. Opalesque Exclusive: Hedge fund replicators evolve[more]

    Bailey McCann, Opalesque New York: Hedge fund replicators as a group of products tend to get a bad rap from hedge fund managers who suggest that the best a replicator can offer is dynamic beta capture. A

  4. Opalesque Exclusive: Pensions, endowments, family offices reconsider life settlement investments[more]

    Bailey McCann, Opalesque New York: Hedge funds were once the largest investors in the life settlement industry, now the industry is seeing more interest from pensions, endowments and family offices directly. Life settlements have always been considered a niche part of the investing landscape, an

  5. SEC allows investment funds to use social media[more]

    Bailey McCann, Opalesque New York: The Securities and Exchange Commission (SEC) has released new guidance letting investment funds and advisors use social media to promote client reviews. The guidance seeks to assist investment managers in developing compliance policies and procedures reasonably