Another week, another billion dollar real estate fund formed.
Philadelphia-based BPG Properties, a private equity real estate fund manager, said it closed out its largest private equity fund in the firm’s 25-year history, raising a total equity commitment of $850 million from investors, providing what it said was nearly $3 billion in buying power.
The market is rife with investors clamoring for a piece of the action. Blackstone has been garnering the most headlines but numerous investment firms are active in the market, each competing with each other and the public real estate investment trusts for investment opportunities. more...
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