|

NEW YORK CITY-Private equity firms have approached MorganStanley for acquiring a stake in its non-performing real estatefunds management operations, valued at $8.8 billion.

|

Colony Capital has contacted Morgan Stanley in this regard whileTPG and Kohlberg Kravis Roberts have expressed interest in buying astake. The prices proposed by the potential investors are said tobe low in light of the fund's inability to return profits or feesFor the full story, go to The New York Times.


GlobeSt.com News Hub is your link torelevant real estate and business stories from other local,regional and national publications.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.