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Friday, 27 January 2012

Artemis Raises $436Mln for Debut Investment Fund

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Artemis Real Estate Partners, a Chevy Chase, Md., investment manager, has raised $436 million for its first real estate investment fund.

Artemis Real Estate Partners Fund I is designed to acquire equity stakes in and debt backed by properties in all major asset classes, as well as seniors housing, in expanding urban areas and secondary markets.

The fund's expected use of leverage could boost its investment capability to $1.8 billion.

It will focus on properties with owners that are under financial distress and nonperforming loans in deals that require between $10 million and $40 million of equity. It also will be looking to invest through joint ventures with local owner-operators.

Artemis began marketing the fund about a year ago. The firm was co-founded by Deborah L. Harmon, the former president and chief investment officer of JE Robert Cos., and Penny Pritzker, the head of the Chicago investment firm, Pritzker Realty Group.

The fund's marketing effort was led by Alison Hawkins, who joined Artemis as a principal last year from Eastdil Secured.

Harmon's brother, Douglas Harmon, is one of the top commercial property brokers at Eastdil Secured's Manhattan offices.

The Artemis fund was marketed to public and private pension funds, foundations, family offices and high net-worth individuals.

While at JE Robert, Harmon oversaw a portfolio of $27 billion of real estate between 2001 and 2007.

Comments? E-mail John Covaleski or call him at (267) 247-0112, Ext. 208.



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Data Digest

 

CMBS DELINQUENCY VOLUME

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CMBS SPECIAL SERVICING VOLUME

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Top Bookrunners Domestic, Private-Label CMBS - 2017
Investment Bank #Deals Vol$mln MktShr%
Goldman Sachs 17.59 11,819.34 13.68
JPMorgan Securities 14.52 10,968.11 12.70
Citigroup 12.04 10,012.71 11.59
Wells Fargo Securities 14.02 9,936.06 11.50
Deutsche Bank 12.55 9,879.74 11.44

 

RCA CPPI

 

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CMBS 2.0 Spreads

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Top CMBS Loan Contributors - 2017
Lender #Loans Vol$mln MktShr%
Goldman Sachs 146.89 11,719.34 13.63
JPMorgan Chase Bank 117.68 10,114.14 11.76
Deutsche Bank 198.48 9,689.97 11.27
Morgan Stanley 166.18 8,539.78 9.93
Citigroup 199.05 8,088.24 9.41

 

 

 

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