![](https://images.globest.com/cdn-cgi/image/format=auto,fit=contain//media/images/gsnewshub_logo.gif)
NEW YORK CITY-Private equity firms have approached Morgan Stanley for acquiring a stake in its non-performing real estate funds management operations, valued at $8.8 billion.
Colony Capital has contacted Morgan Stanley in this regard while TPG and Kohlberg Kravis Roberts have expressed interest in buying a stake. The prices proposed by the potential investors are said to be low in light of the fund's inability to return profits or fees For the full story, go to The New York Times.
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 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.