- India's Tata Steel Posts First Quarterly Loss in 2 Years
- DBS Quarterly Profit Up 8%; Logs Record Annual Profit
- LinkedIn Outperforms on Earnings, Revenue
- Activision Beats on Earnings, Raises Dividend
- Pepsico to Cut 8,700 Jobs; Quarterly Earnings Rise
- Vodafone Results Hit by Weak Southern Europe
- Rio Tinto Dividend Surprise Masks Aluminum Hit
- Credit Suisse Shares Fall on Surprise Loss
- Telstra First-Half Profit Up, Keeps Annual Guidance
- Visa Earnings Top Forecasts as Credit-Card Use Climbs
- Whitney Houston, Superstar of Records, Films, Dies
- Maine Caucuses a Chance to Right the Romney Ship
- Obama Budget Bets Other Concerns Will Trump the Deficit
- Greek Debt Saga Back on Center Stage for Markets
- Greece Now Struggles to Overcome Mistrust
- UK Police Arrest Five at Murdoch's Sun Newspaper
- Traveling Light in a Time of Digital Thievery
- China President-in-Waiting to Sample Slices of America
- MF Global Trustee Sees Shortfall of $1.6 Billion
- In Search of America's ‘Hottest Forecasters’
- Dow vs. S&P 500: Which is a Better Investment?
- Mick Fleetwood on the MP3 ‘Dumbing Down’ of Music
- Avis on the Road to Strong Growth: Analyst
- Private Homebuilders: Dead Men Walking
- LinkedIn’s Growth Is Already Priced In: Analyst
- The Real Reason Behind Bank of America’s Rally
- 5 Hedge Funds’ Top Stocks Soar After 2011 Rout
- This Valentine’s Day Love Is Served on a Silver Platter
MOST POPULAR
HOT ON FACEBOOK
Morgan Stanley Raises $8 Billion Global Real Estate Fund
Text Size 
Morgan Stanley has raised an $8 billion real estate fund through its property arm to focus on North America, Europe, the Middle East and Asia.
Morgan Stanley [MS
Loading...
()
] said the fund had buying power of more than $30 billion. It invested about 20% of the total equity and said the fund's portfolio would include real estate assets and companies from developed and emerging markets including China, India, Russia and Latin America.
Target developed markets include Japan, Western Europe and Australia.
Morgan Stanley has been an active investor in Asia's booming property markets, targeting Japan, China and more recently, India.
In April, it agreed to buy 13 hotels and two property management units from Japanese airline All Nippon Airways for $2.4 billion in Asia's biggest hotel deal.
Morgan Stanley, which issued a statement late on Wednesday night in New York, called it the largest ever real estate fund, although sources familiar with the matter told Reuters in February that U.S. private equity firm Blackstone Group was raising a $10 billion property fund.
Morgan Stanley Real Estate, which focuses on investing, banking and lending in the property sector, has bought $83.5 billion of real estate assets globally through its funds.
It also closed a $1.75 billion U.S. fund last year.
- Marketing clichés aside, sometimes diamonds are for investing.
- The ‘Fast Money’ traders weigh in on fashion related stocks from apparel to footwear.
- This list of the 10 most active cities for speed traps was compiled by Trapster.com. See if your town is there.
- This Valentine’s Day should prove a love fest for restaurants, as many couples will be dining out.
- Here’s a look at Westminster Kennel Club’s most successful breeds—and how much they cost.
- What kind of homes do celebrity couples share? Here’s our updated list. Take a look.
Data is a real-time snapshot *Data is delayed at least 15 minutes
