Alison Granito

The real estate opportunity fund represents the private equity titan’s first vehicle dedicated specifically to the asset class.

The fund represents the new real estate platform from Goldman alums Daniel Neidich, Steve Mnuchin and Chip Seelig.

Through its new opportunity fund, the Toronto-based real estate investment firm has purchased 5.3 million square feet of space from an affiliate of JP Morgan Chase.

The hotel firm’s new fund has made its first acquisition, the Detroit Marriott Livonia, and will focus on upscale properties throughout the US.

Colesville Partners, an opportunistic vehicle sponsored by Sunburst Hospitality, will have $1bn in buying power.

The Pennsylvania-based real estate investment firm has already committed approximately a third of its new vehicle and expanded beyond the mid-Atlantic region with its first buy in Chicago.

Robert Johnson’s second hospitality fund will have $2.5bn in buying power, most of which will be used to acquire a $1.7bn hotel portfolio from White Lodging Services.

The Robert Bass-led buyout shop acquired the company, which operates travel stops along US highways, for $731m in 2000.

The real estate arm of the New York-based investment bank has closed its third open-ended funded on $2.2bn. It will have exposure to private and public equity and debt securities.

The Chicago-based private equity real estate firm has joined with The Preiss Company to build new off-campus student housing at the University of North Carolina, Charlotte.