RCA in the commercial property press:


Whitehall Funds Lose Their Luster


Wednesday, December 03, 2008
Source: The Wall Street Journal


The Wall Street Journal reports: Goldman Sachs Group Inc.'s Whitehall family of real-estate funds is struggling with weak performance and potentially big losses on some investments made at the top of the real-estate market. Whitehall is best known for deals such as buying Rockefeller Center in 1996, but has slashed the value of the equity in one of its funds in half and likely will struggle to make a profit on deals such as its purchase of the Stratosphere, a Las Vegas casino, in 2008 and a string of hotel deals in the past two years.


View the full article on The Wall Street Journal: Whitehall Funds Lose Their Luster (Login Required)

Posted by: Nina Turner

<< PrevNext >>
 
 

Most Active

 NameVol.(bil)#props
1 Blackstone$29.42,625
2 AMB$11.31,464
3 Ventas Inc$8.9549
4 CPP Investment...$7.544
5 Invesco RE$5.150
6 Simon Property...$4.937
7 Qatar Investme...$4.011
8 Dundee REIT$4.0403
9 CapitaLand$3.921
10 JP Morgan$3.931
Based on live data; deals valued at $10 mil. or greater reported in contract or closed in past 12 months
 
 
Contact

Real Capital Analytics, Inc.
+1 212-387-7103


Trouble Logging In?