AnaCap Financial completed the acquisition of two ABS portfolios of Italian non-performing loans with a face value of more than $2.2 billion. The portfolios were majority owned by GE Capital RE and Royal Bank of Scotland.
Allianz Real Estate announced Francois Trausch, formerly CEO Asia-Pacific of GE Capital Real Estate, was named the new chief executive officer.
Annaly Capital Management has hired a five-member team from GE Capital Real Estate to grow its commercial real estate platform. Jeffrey J. Thompson, who headed the team, will assume the position of co-head of Annaly’s commercial real estate platform.
GE Capital Real Estate named Bradley J. Trotter president – North America. Trotter most recently led GE Capital Real Estate in Canada, one of many leadership positions over 23 years at the company.
Kungsleden, an owner/manager of commercial properties in Sweden, said it has signed a memorandum of understanding with GE Capital Real Estate to acquire 84 commercial properties with an underlying value of $840 million.
American Realty Capital said it has closed on the acquisition of 567 properties in July including 536 primarily net lease retail properties as part of a portfolio acquisition from affiliates of GE Capital.