The funds are run by ARA Asset Management, an Asian firm that specializes in management of publicly traded real estate investment trusts as well as private real estate funds.
By creating an entity called a taxable REIT subsidiary (TRS), the companies can separate the operational side of their private prison management from the real estate side of owning and generating income from correctional facilities.
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Silver Bay will be externally managed by PRCM Real Estate Advisers, which is a joint venture between an affiliate of Pine River Capital Management and Provident Real Estate Advisors LLC, a private capital management firm.
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Regional banks are also under pressure from the overhang of the commercial real estate downturn, part of the reason why management commentary will be just as, if not more, important than second-quarter figures.
Paige Shaw of New Valley Real Estate Management represented Mr. Bently in both transactions.
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The new timeshare company will be positioned to expand faster over time while Marriott International will further advance its longstanding strategy of separating real estate from management and franchise operations.
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Firpta had led a number of investors to change their strategies to investing in real-estate debt in the U.S. rather than equity, said Ben Sanderson of Hermes Real Estate Investment Management Ltd.
Accelerator is a management company created by a group of health care-focused venture firms, a real estate firm and the Seattle-based Institute for Systems Biology.
Headquartered in Spokane, Washington, Potlatch is a Real Estate Investment Trust that is engaged in the ownership and management of timberland in Arkansas, Idaho and Minnesota.
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Morgans has a management contract to run the properties and is a real estate equity partner in all of them, shouldering its share of all operating expenses including its own management fee.
Asher Edelman was one of the early 1980s corporate raiders, strong-arming companies like computer maker Management Assistance, real estate outfit Canal-Randolph and technology firm Mohawk Data Sciences.
Gold investments amount to about 4% of the management company's portfolio about the same allocation as venture capital, private real estate and government bonds each represent.
Those people exist, but the very wealthiest people in the country actually hail from a mix of economic sectors and professions, including retail, energy, media, sports, hotel management and real estate.
"Many prices have fallen quite a bit, so there's now a lot of opportunity, " says Edward Schwartz, a principal at real-estate consultant ORG Portfolio Management.
And the naming of five prominent Makati businessmen, including management consultant Washington SyCip, former central bank governor Gabriel Singson and real estate tycoon Jaime Augusto Zobel de Ayala, as senior economic advisers should end clashes with the business establishment.
Mr. Cole is the founder of Cole Real Estate Investments, the Phoenix firm that created the REIT and controls the property-management company.
Out of state investors in real estate partnerships in high tax states sometimes get nasty surprises, particularly if partnership management is not sensitive to their concerns.
Trikona hired 30 people in India and put in charge a former chief executive of Jardine Fleming's asset-management operations in India, Mahesh Gandhi, who had been running his own real estate advisory firm for several years.
"Commercial real estate lending is a much larger group of banks, " says Pamela Martin of the Risk Management Association, noting that it takes up as much as 25% of the balance sheets of many local and regional banks.
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