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Nuveen Buys Orlando Asset For $45M

The 196-unit Lake Vue changed hands for the first time since it was completed in 2016.: Nuveen Real Estate has spent $44.7 million to acquire Lake Vue in Orlando, Fla., according to Yardi Matrix data. The Class A community changed hands for the first since NRP Group developed the 196-unit property in 2016. The buyer already owns almost 2,000 units in the market. Located at 7119 Sand Lake Reserve Drive, adjacent to Interstate 4, the community is within 5 miles from both Universal Studios and Walt Disney World and close to several retail and dining options.
Read by 72% of LPs 11 minutes ago

Active-management Alpha Now Key To Hedge Funds' Success, As Economies Emerge From Covid Slump

Active-management alpha now key to hedge funds' success, as economies emerge from Covid slump Submitted By Hugh Leask | 18/01/2021 - 4:52pm K2 Advisors, the hedge fund investing unit of Franklin Templeton, says active-management alpha will be critical to hedge funds' success this year, as the global economy mounts a tentative recovery from the coronavirus pandemic. Brooks Ritchey and Robert Christian, co-heads of investment research and management at K2, said the Covid-driven economic slowdown appears to be nearing an end, as individuals and corporations have been able to weather the economic storm partly due to "enormous stimulus" from governments.
Read by 51% of LPs 31 minutes ago

Rochelle Foods Plant In Illinois Kept Open Despite Covid-19 Dangers

Despite a COVID-19 outbreak at Rochelle Foods in Illinois, the feds demanded it open. This fall, a second outbreak wasn't publicly reported.
Read by 57% of LPs 31 minutes ago

Opinion | When Biden Becomes ... Rooseveltian! - The New York Times

Using a crisis to reduce child poverty and make America more truly a land of opportunity. : Soon after Franklin Roosevelt was inaugurated in 1933, a visitor assessed the stakes of his New Deal proposal. "Mr. President, if your program succeeds, you'll be the greatest president in American history," the visitor told him. "If it fails, you will be the worst one." That story, from Jonathan Alter's excellent book "The Defining Moment," about Roosevelt's first 100 days, underscores the desperation and uncertainty in the Great Depression as Roosevelt took office -- a desperation that may seem familiar today.
Read by 39% of LPs 51 minutes ago

Meet The German Under 30 Honoree Whose Hr Platform Just Raised $125 Million On A $1.7B Valuation

German HR platform Personio, cofounded by 30 Under 30 honoree Hanno Renner, announced today that it has raised $175 million on a $1.7 billion valuation, becoming the first European HR tech unicorn.
Read by 39% of LPs 1 hour, 1 minute ago

What's Behind Seth Klarman's Liberty Global Trade?

Around 30% of Baupost's assets under management are invested in stocks and shares. The remainder is spread between cash, credit investments and some real estate, although these are only rough figures. The general public does not have a complete picture of where the assets are invested. Seth Klarman (Trades, Portfolio)'s hedge fund has no limits guiding where it can invest. That's why the portfolio is so diverse. The value investor is able to own virtually any asset he thinks is undervalued. That also includes private equity and private businesses.
Read by 41% of LPs 1 hour, 11 minutes ago

Hedge Funds Battle Lengthy Volatility To End 2020 On A High

Hedge funds posted their best returns in a decade as the strategy extended strong gains in November, bringing full-year 2020 performance to 11.6% based on the HFRI Fund Weighted Composite index run by Hedge Fund Research (HFR). The full-year gain follows a difficult time for hedge funds in the first quarter of the year, as the coronavirus pandemic and the ensuing lock downs led to a decline of 11.6%.
Read by 30% of LPs 1 hour, 31 minutes ago

Compass Investors In Line For Payday, $100M For A Flex-living Startup - The Real Deal South Florida

Which Compass investors have the most to gain? Compass investors in line for payday, $100M for a flex-living startup Compass investors could be in line for a windfall when the residential brokerage goes public later this year. Since its launch in 2012, Compass has raised more than $1.5 billion from investors, who collectively hold a 60.25 percent stake in the startup, according to data from Pitchbook. We took a deep dive into its cap table ... [more] The post Compass investors in line for payday, $100M for a flex-living startup appeared first on The Real Deal South Florida.
Read by 34% of LPs 2 hours, 1 minute ago

Total In $2.5B Deal To Buy 20% In Adani Green Arm, 50% Of 2 Gw Operating Solar Projects

French oil and gas major Total SE is to acquire a 20% stake in Adani Green Energy Ltd (AGEL), the renewables arm of the Ahmedabad-based diversified Adani group, and 50% ownership of the company's operating solar projects with aggregate capacity of over 2 GW (gigawatts) for $2.5 billion.
Read by 53% of LPs 2 hours, 1 minute ago

Total Buys Stake In Adani Green Energy, The World's Biggest Solar Developer

French oil major Total has acquired a stake in India's Adani Green Energy (AGEL), a move that continues to push it ahead of its fellow European oil majors when it comes to renewables. AGEL has 3 GW of operating renewable capacity, the same in construction and 8.6 GW in development, adding up to 14.6 GW. By 2025 it is targeting 25 GW. It claims to be the world's largest solar developer. In June last year, it won the world's largest solar tender, an 8 GW auction in India.
Read by 36% of LPs 2 hours, 31 minutes ago

Bh Equities Sells Tampa Community For $58M

The new owner landed a 15-year $40.6 million Fannie Mae acquisition loan. : BH Equities has sold The Standard at 2690, a 456-unit apartment community in Clearwater, Fla., for $57.6 million to Infinity BH. The company financed the purchase with a $40.6 million Fannie Mae loan. Greystone originated the note, which matures in 2036, according to Yardi Matrix data. The property last changed hands in April 2016, when Electra America sold it for $35.6 million. Located on 20 acres at 2690 Drew St., the multifamily property encompasses 11 buildings completed in 1973.
Read by 48% of LPs