Private equity’s new game plan

As competition for NYC properties gets stiffer, private funds hunt for new roads to profit
By Konrad Putzier | May 20, 2015 09:30AM

From the May issue: With competition for New York City real estate fiercer than ever, real estate-focused private equity funds are coming up with new strategies to pump up returns. To be sure, even with money pouring in from new rivals like foreign billionaires and sovereign wealth funds, private equity has held its own when it comes to buying trophy buildings and investing in luxury development properties. [more]