Find Real Estate Agents and Homes for Sale

Real Estate News --> South Dakota News

Local realtor charges accuser of malice and defamation

Heidi Lesinski, a local real estate agent and wife of Hampton district supervisor ... on several occasions and to spend a week with Heidi Lesinski’s mother in South Dakota. While his wife was ill before her death, Kavanagh said, Lesinski “proposed ...

Archived Story

CREATE NEW ALERT Get alerted any time new stories match your search criteriaCreate an alert to follow a developing story, keep current on a competitor, or monitor industry news. Alert Name Frequency Daily Monday Tuesday Wednesday Thursday Friday Saturday Sunday Time Overwrite Existing Alert: Create Alert Thank You! Don’t forget you can visit MyAlerts to manage your alerts at any time. Dan Cummings will be the managing director and head of real estate at Bain Capital Real EstateNEW YORK CITY—The team of 22 people responsible for Harvard endowment’s $3.4 billion real estate portfolio will be moving to Bain Capital, effective February 1, 2018Dan Cummings, currently the managing director and head of real estate at Harvard’s endowment, will maintain his same title but at Bain CapitalHe had helped found the real estate group at Harvard in 2010“Harvard will be a client with a separate accountWe will have responsibility for the existing direct real estate investment portfolio that we created while at Harvard,” says Cummings in a interview Cummings explains Harvard is moving to a generalist model, and a team of generalists will be managing and executing the real estate investment strategy for Harvard for investments in the future going forwardAlthough Harvard had a pre-existing relationship with Bain, it did not include the real estate sectorThe move is a major coup for Bain Capital, which had not previously been involved in the real estate investment classCummings says that the Harvard Management Company and Bain share an investment philosophy“We invest thematically in real estate investment strategies that we research significantly before we begin our investment activity in a space,” says Cummings“Typically these themes are underpinned by a longer term secular trend.” While working on the strategies, Cummings’ group would employ experts that have an edge in sourcing and in operating assetsHis team would then focus on executing business plans, designed to add value and improve the earning power of the assetsAs examples for real estate, Cummings says with the theme of aging of America, the Harvard real estate investments have been active in senior housing, independent living, assisted living and memory careWith technology, they have been active life sciences and innovation spaces, developing properties that serve the growing and changing needs for researchWith another theme, millennials moving into the city and changes in lifestyle of work and play, the real estate team had acquired and developed self-storage across the USMany of the Harvard real estate team’s themes overlap with significant areas of focus for Bain including life sciences and the retail sectorBain’s experience in Europe and international credit will enhance real estate opportunitiesThe addition of the real estate team will benefit the existing businesses such as Bain Capital Credit’s global distressed and special situations portfolio, that have a real estate componentIt has been widely reported that N.P“Narv” Narvekar, Harvard Management’s CEO hired a year ago, has been seeking to lay off employees at the endowment and make changes to improve less than stellar investment resultsBloomberg reported that Narvekar announced in January that he would be revamping the endowment, spinning out the real estate teamHowever, Cummings notes the Bain real estate team has Harvard’s continued support for future real estate investment strategies while at Bain“Since inception, this senior team has been a constant top performer at Harvard at the endowment, where it invested $3.4 billion in more than 350 properties,” says Cummings“We’re moving to Bain Capital managing a portfolio with an equity value of more than $3 billion as we start the business.” .slideshow { padding: 0 0 15% !important;} h3.slide_caption {position:absolute; bottom:inherit;width:95%;padding: 25px 10px 5px !important;} Betsy Kim › Betsy Kim is the bureau chief, East and NY reporter for Real Estate Forum and GlobeSt.comAs a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV. More articles by this author › Contact Betsy Kim   More National Headlines ‘Change is In Motion Everywhere’ in 2018 Middle Market Digest: This Week in the North West Healthcare Tops 2017 Net Lease Headlines Investors Shift from Values to Income Stream Featured Events RealShare Philadelphia 2018 February 07, 2018 Philadelphia , PA Connect with over 400 of Philadelphia's elite commercial real estate professionals as they gather at RealShare Philadelphia. Register Now RealShare Apartments East 2018 March 08, 2018 Key Biscayne , FL The conference will discuss the most pressing topics affecting the multifamily community on the East Coast. Register Now RealShare Net Lease 2018 April 04, 2018 New York , NY This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector. Register Now Related Jobs Presented By Select Leaders General Manager - Building Engineer (Harbor Group Management) Herdon, VA 20171 Harbor group management company is an established real estate investment/property management company headquartered in norfolk, virginia with approximately $7+ billion in assets in multifamily residential, commercial, and retail properties throughout the united states and abroa... Apply Now › Portfolio Analytics, Vice President (Goldman Sachs) Irving, TX 75039 Portfolio analytics is a business unit within the realty management division (rmd) of goldman sachs in the dallas, texas office. portfolio analytics engages in (1) internal asset and debt valuations and third party valuation appraisal coordination, (2) ... Apply Now › Senior Project Manager-Design & Construction (Confidential) NY Our client, a nyc-based owner, operator, and developer, is seeking to hire a senior project manager, design and construction for a class “a” office building in new york citythe successful candidate will be an experienced manager of class a commercial office properties in new york ci... Apply Now › RESOURCES 2017 Multifamily Market Analysis & Outlook Report Ten-X Commercial The Multifamily CRE market is on solid ground, for nowExplore the changes in store, vacancies and rent analysis, and the top 5 buy & sell markets for multifamily in this 2017 report. More Resources › $(window).load(function(){ $("#rightCarousel").owlCarousel({ singleItem: true, navigation: true, navigationText:false, autoHeight:true }); if($('#rightCarousel .owl-item li').length == 1){ $('.owl-buttons').hide(); } }); Featured Content ‘Change is In Motion Everywhere’ in 2018 January 12, 2018 Avison Young CEO Mark ERose says that adoption of technologies is “driving profitability and expanding capabilities exponentially.” Middle Market Digest Middle Market Digest: This Week in the North West January 12, 2018 Here’s a look at this week's trends, announcements and deals that you may have missed in the country’s North West region. Commentary Healthcare Tops 2017 Net Lease Headlines January 12, 2018 Walgreens’ final $4.4-billion offer to buy Rite Aid, and CVS Health’s $69-billion agreement to acquire Aetna were the major stories involving net… Investors Shift from Values to Income Stream January 12, 2018 CBRE’s Chris Ludeman doesn’t foresee meaningful cap rate compression in the next few years, regardless of how strong GDP growth proves to be. //set share tool variables var socialTitle = "Bain Capital Real Estate Formed to Manage Harvard’s Assets"; var socialDescription = "The entire team managing real estate for Harvard’s endowment will spin off to become a new line of business within Bain Capital."; var followedArticle = "followedArticlesitesbetsykim20171215bain-capital-real-estate-formed-to-manage-harvards-assets"; About Us Contact Us Contributors Advisory Board Thought Leaders RealShare Events eNewsletters Advertise Terms of Use Privacy Policy Markets National International Atlanta Austin Boston Chicago Dallas Houston Los Angeles All Markets › Sectors Net Lease Multifamily Retail Student Housing Healthcare Real Estate Hotels Office Industrial Real Estate Forum Real Estate Forum Current Issue Digital Edition Issue Gallery Reprints Advertise Subscribe / Renew Current Issue

Trending South Dakota News:

  • Northwest Central South Dakota Bison Riders Weekly Radio Editor Transcript
  • Are You Living in One of the Happiest States in America?
  • South Dakota Supreme Court upholds permit for $10 billion oil refinery
  • Census data highlights Siouxland population shifts
  • Raise S.D. driver age from 14, cut fatalities 63%?
  • Pacific Beach Apartment Property Sells for $3.3 Million
  • Rounds says Congress needs to regain discipline
  • Sioux tribes worry over sale of sacred land
  • County land values hold as three-year ‘boom’ ends
  • Duke Realty Corporation (DRE) technical charts are presenting a bleak picture
  • Global Aquaponics Leader Charged with Defrauding Investors
  • See the 11 men with Orange County ties who made the billionaire's list
  • Rounds team moves into state headquarters office in Pierre
  • 2014 South Dakota Senate race: Mike Rounds announces run
  • Technical Roundup on Real Estate Development Stocks -- Invitation Homes, Brookfield, Summit Hotel, and LGI Homes
  • Donald Trump elected U.S. president
  • Financing beginning farmers
  • Doomsday real estate being snapped up by tech millionaires
  • Kevin Costner selling land in South Dakota
  • South Dakota lawmaker apologizes for Facebook post