Americana Manhasset is home to one of the most exclusive groups of stores in the United States.

Unlike traditional real estate funds, which call for managers to return money to investors after a set period of time, Cerberus is raising an evergreen fund without a target date for returning capital.

Jefferson River Capital, a family office that invests on behalf of the Blackstone Group LP vice chairman, recently hired Bill Helm for the newly created role of head of real estate investments.

The acquisition is being made through Ares U.S. Real Estate Fund IX LP, and involves properties in Tennessee, Texas, Georgia and North and South Carolina.

Evercore ISI analysts said in a note this month that they expect manufactured housing fundamentals to remain strong.

The property fund will focus on originating senior and subordinate debt in markets across the U.S., Canyon said in a statement.

Pretium Partners LLC closed on its second single-family rental fund with more than $1 billion in equity commitments.

Katara Hospitality acquired 100 percent of the property from its majority owner, Sahara India Pariwar.