The decision by Brooksville, and its private equity partner, Rockpoint, to ditch the purchase of the $US507 million ($731 million) portfolio of New Jersey homes and apartments came as a surprise to the board of E&P Financial, the responsible entity of the US property fund known as URF, in late May.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
