News

May 22, 2013 - Rubenstein Partners raises $215 million for second office fund
Rubenstein Parners has raised $215 million for its Rubenstein Properties Fund II.
May 21, 2013 - New Jersey invests $395 million in European vehicles
The $73.67 billion New Jersey Division Investment has committed approximately $395 million to three European real estate funds.
May 20, 2013 - Contra Costa County ERA proposes $241 million investment in private real estate
The $5.95 billion Contra Costa County (Calif.) Employees Retirement Association board has proposed an additional allocation of $241 million to invest in closed-end real estate funds.
May 17, 2013 - Recent commercial real estate acquisitions
The two largest completed transactions included an office in Watertown, Mass., and a hotel in San Jose.
May 17, 2013 - CalSTRS looks for real estate portfolio manager
The $161.4 billion California State Teachers' Retirement System (CalSTRS) is looking for a real estate portfolio manager.
May 17, 2013 - Hines sells three Southern California buildings for $550 million
Hines has entered into a contract with GI Partners to sell three properties in Southern California for approximately $550 million.
May 17, 2013 - Fowler Multifamily holds first close for apartment fund
San Francisco-based Fowler Property Acquisitions Multifamily has held a $310 million first close for its fourth fund.
May 15, 2013 - Kayne Anderson nears final close for third fund
Kayne Anderson Capital Advisors has planned a final close for its Kayne Anderson Real Estate Partners III on May 31, 2013.
May 15, 2013 - Aberdeen Asia nears final close for third Asia fund
Aberdeen Asset Management has plans to hold a final close for its Aberdeen Asia III Property Fund of Funds on May 31, 2013.
May 15, 2013 - Madison raises additional $93 million for fifth fund
Madison International Realty continues a strong fundraising period for its fifth value-added fund, Madison International Real Estate Liquidity Fund V.
May 15, 2013 - UPDATE: Pathfinder extends final close for residential fund
Pathfinder Partners LLC has extended its final close for its Pathfinder Partners Opportunity Fund IV to Aug. 31.
May 15, 2013 - LatAm IV makes Brazilian residential investment
Paladin Realty Latin America Investors IV has completed an investment in the newly created home building joint venture A-PIMA II.
May 14, 2013 - Pathfinder plans final close for residential fund
Pathfinder Partners LLC has planned a final close for its Pathfinder Partners Opportunity Fund IV on May 31.
May 14, 2013 - International Farming Corp. fund nears final close
International Farming Corp. has planned a final close for its U.S. Farming Realty Trust II on May 31, 2013.
May 13, 2013 - La Française Real launches €150 million open-end fund
La Française Real Estate Managers has launched LFP Immo SR 2, an open-end fund with a €150 million ($190 million) equity target.
May 13, 2013 - Brookfield's Brazilian timber fund exceeds fundraising goal
Toronto-based Brookfield Asset Management has raised approximately $270 million for its Brookfield Brazil Timber Fund II (BBTF II).
May 10, 2013 - Oaktree raises $710 million for sixth distress fund
Oaktree Capital Group has raised $710.3 million for its Oaktree Real Estate Opportunities Fund VI.
May 10, 2013 - Recent commercial real estate acquisitions
The two largest completed transactions included a mall in Hollywood, Fla., and a mid/high-rise apartment complex in Houston.
May 10, 2013 - Pensions Infrastructure Platform seeks investment manager
The Pension Infrastructure Platform (PIP), a £2 billion ($3.1 billion) fund launched by a group of 10 U.K. pension funds to invest in core infrastructure assets, will begin looking for investment managers.
May 10, 2013 - J.P. Morgan raises $100 million for second Asian infrastructure fund
J.P. Morgan Asset Management has raised approximately $100 million for its J.P. Morgan Asian Infrastructure & Related Resources Opportunity Fund II US.
May 10, 2013 - REITs outperform the broader stock market in April
U.S. REITs outperformed the broader equity market in April, with All Equity REITs returning 6.33 percent versus the S&P 500 Index’s 1.93 percent, according to the FTSE NAREIT U.S. REIT Index.
May 9, 2013 - LaSalle to sell logistics portfolio to Japanese investors
Chicago-based LaSalle Investment Management will be selling eight logistics assets in Japan to a group of Japanese institutional investors for $900 million.
May 9, 2013 - SFERS approves commitment to multifamily fund
The $15.6 billion San Francisco City & County Employees' Retirement System (SFERS) has approved a $40 million commitment to the Berkshire Multifamily Value Plus Fund III.
May 9, 2013 - LACERA hires three new separate account managers
The $39.2 billion Los Angeles County Employees Retirement System (LACERA) has hired three new separate account managers to invest up to an additional $600 million in real estate.
May 8, 2013 - Angelo Gordon raises $130 million for net lease fund
Angelo, Gordon & Co. has raised approximately $130.2 million for its AG Net Lease Realty Fund III.
May 8, 2013 - OPIC commits $100 million to Paladin
Overseas Private Investment Corp. (OPIC) has committed to $100 million to Paladin Realty Latin America Investors IV.
May 7, 2013 - Canyon Capital raises $50 million for multifamily fund
Canyon Capital Realty Advisors has raised $50 million for its Canyon Multifamily Impact Fund.
May 7, 2013 - Embarcadero Capital Partners holds first close for value-added fund
Belmont, Calif.-based Embarcadero Capital Partners (ECP) has held a $144 million first close for Embarcadero Capital Investors IV.
May 7, 2013 - Fundraising volume is on the downturn
Fundraising activity slowed drastically during first quarter 2013 compared with the high volume posted during fourth quarter 2012.
May 6, 2013 - Stonebridge launches second infrastructure debt fund
Canada-based Stonebridge Financial Corp. has launched its second fund, Stonebridge Infrastructure Debt Fund II, with a $300 million fundraising goal.
May 3, 2013 - Recent commercial real estate acquisitions
The two largest completed transactions included an office property in Atlanta and an apartment complex in Washington, D.C.
May 3, 2013 - SCERS plans additional commitments to real estate
The $6.9 billion Sacramento County (Calif.) Employees' Retirement System (SCERS) has approved a 12-month real estate investment plan.
May 3, 2013 - OPERF makes $400 million commitment to Lone Star
The Oregon Investment Council approved a commitment of up to $400 million to Lone Star Funds' Lone Star Fund VIII (LS Fund VIII), on behalf of the Oregon Public Employees' Retirement Fund (OPERF), at its May 1 meeting.
May 3, 2013 - TCDRS makes $50 million commitment to GEM value-added fund
The $19.7 billion Texas County & District Retirement System (TCDRS) approved a $50 million commitment to GEM Realty Fund V.
May 2, 2013 - TA Associates Realty holds $1.56 billion final close for value-added fund
TA Associates Realty has raised $1.56 billion of equity for its 10th value-added fund, TA Realty Associates Fund X.
May 1, 2013 - Commercial real estate returns 2.57 percent in first quarter
Commercial real estate returns held steady in first quarter 2013. The NCREIF Property Index (NPI) posted virtually the same returns as in the previous quarter, while the NCREIF Open-end Diversified Core Equity Index (ODCE) recorded a small uptick in the first quarter, according to the National Council of Real Estate Investment Fiduciaries (NCREIF).
May 1, 2013 - Mariner holds final close for opportunistic fund
Kansas-based Mariner Real Estate Management has held a $175 million final close for its Mariner Real Estate Partners III.
May 1, 2013 - Argosy raises $26 million for opportunistic fund
Argosy Real Estate Partners has raised $26.8 million for its $200 million Argosy Real Estate Partners III.
April 30, 2013 - Duke pays $311 million for industrial portfolio
Duke Realty Corp. has agreed to pay $311 million for an industrial portfolio totaling 4.86 million square feet of space.
April 30, 2013 - UBS launches $2 billion infrastructure fund
UBS Global Asset Management has a second UBS International Infrastructure Fund, UBS International Infrastructure Fund II, on the market.
April 29, 2013 - Noble Investments closes second hotel fund
Atlanta-based Noble Investment Group has held a final close for the second fund in its hospitality series with $220 million in commitments.
April 26, 2013 - NMSIC invests in three new real estate funds
The $16.5 billion New Mexico State Investment Council (NMSIC) approved commitments of $175 million to three real estate funds.
April 25, 2013 - NYSTRS invests $164.6 million in real estate
The $88.1 billion New York State Teachers' Retirement System (NYSTRS) has invested $164.6 million in real estate funds since the year began.
April 25, 2013 - Farmland and timberland post positive returns in first quarter
Farmland and timberland have posted positive returns in first quarter 2013, according to the NCREIF Farmland Index and NCREIF Timberland Index.
April 24, 2013 - Henderson launches $200 million U.S. student housing fund
Henderson Global Investors has launched Henderson Student Housing Fund, a $200 million U.S.-focused student housing fund.
April 24, 2013 - Texas Permanent School Fund issues real estate consultant RFP
The $26.9 billion Texas Permanent School Fund (TPSF) has issued an RFP for real estate investment consulting services.
April 24, 2013 - Blackstone raises $1.35 billion for second debt fund
The Blackstone Group has raised $1.35 billion for its latest real estate debt strategy fund, Blackstone Real Estate Debt Strategies II.
April 23, 2013 - Velocis Partners closes core-plus fund with $135 million
Dallas-based Velocis Partners has announced a $135 million final close of its first real estate fund, Velocis Fund I.
April 22, 2013 - Madison raises $227 million for debt fund
Madison Realty Capital has raised $227 million for its Sullivan Debt Fund, according to a filing with the Securities and Exchange Commission.
April 19, 2013 - CalPERS acquires core apartment portfolio in Manhattan
The $260.4 billion California Public Employees' Retirement System (CalPERS) with its partner GID has purchased two adjacent residential towers.
April 18, 2013 - About $1.38 billion in commercial real estate traded hands in recent weeks
In the past couple of weeks, the multifamily sector has completed the most acquisitions, according to data by Real Capital Analytics (RCA).
April 17, 2013 - LEM Capital raises $203.5 million for third high-yield debt fund
LEM Capital has raised $203.5 million for its LEM Real Estate High-Yield Debt & Preferred Equity Fund III.
April 16, 2013 - CalPERS looks to core assets to rebalance real estate portfolio
The $260.4 billion California Public Employees' Retirement System (CalPERS) has approved a proposal to change its current real estate investment strategy by extending the investment period by two years.
April 16, 2013 - LACERA commits $350 million to real estate separate accounts
The board of investments of the $39.2 billion Los Angeles County Employees Retirement Association (LACERA) has approved an additional $350 million be committed to the pension fund's real estate separate account managers.
April 16, 2013 - LACERS plans additional commitments to real estate
Los Angeles City Employees' Retirement System (LACERS) has approved a recommendation from its real estate investment consultant.
April 15, 2013 - Starwood Capital closes opportunity fund with $4.2 billion
Greenwich, Conn.-based firm Starwood Capital Group has closed its Starwood Distressed Opportunity Fund IX (SOF IX) with $4.2 billion in commitments from more than 75 global investors.
April 15, 2013 - Industry veteran launches U.S. Global Realty Capital
Greg Genovese, a 25-year commercial real estate and securities industry veteran, has launched U.S. Global Realty Capital (USG).
April 15, 2013 - Maine PERS commits $100 million to Mesa West open-end fund
The $11.4 billion Maine Public Employees' Retirement System has committed $100 million to Mesa West Core Lending Fund, an open-end fund managed by Mesa West Capital.
April 12, 2013 - Senior housing market experiences stalled recovery
The average occupancy rate for senior housing in the first quarter of 2013 is unchanged, according to data from the National Investment Center for Seniors Housing & Care Industry (NIC).
April 12, 2013 - Prime Finance debt fund closes in excess of $600 million target
Prime Finance Partners has closed its Prime Finance Partners III fund with approximately $618 million in equity.
April 12, 2013 - Kayne Anderson raises $675 million for opportunistic fund
Kayne Anderson Capital Advisors has raised $675 million for Kayne Anderson Real Estate Partners III.
April 10, 2013 - Texas Teachers commits $465 million to real estate
The $116.09 billion Teacher Retirement System of Texas has made commitments of $465 million to multiple real estate funds.
April 10, 2013 - PCCP raises $212 million for second fund
PCCP LLC, a Los Angeles-based investment manager, has raised $212.2 million for second fund.
April 10, 2013 - Townsend raises $169 million for high-return fund
The Townsend Group has raised approximately $169.1 million for its Townsend Real Estate Alpha Fund I.
April 9, 2013 - Madison raises additional $93 million for fifth fund
Madison International Realty continues to raise capital for its fifth value-added fund, Madison International Real Estate Liquidity Fund V.
April 8, 2013 - Equus Capital holds fifth close for value-added fund
Philadelphia-based Equus Capital, formerly BPG Properties, has held a fifth close of $157.2 million for BPG Investment Partnership IX.
April 5, 2013 - REITs rise 8 percent in first quarter
Equity REITS posted a total return of 8.10 percent in first quarter 2013, slightly underperforming the S&P 500 Index
April 5, 2013 - Gaw Capital raises $200 million for opportunistic fund
Hong Kong-based Gaw Capital Partners has raised $200 million in a second close for its opportunistic fund Gateway Capital Real Estate Fund IV. Gateway Fund IV will make opportunistic investments across property sectors in the greater China region.
April 4, 2013 - Arkansas Teachers invests $20 million in real estate fund
The $12.6 billion Arkansas Teachers Retirement System has invested $20 million in the LaSalle Income and Growth Fund VI.
April 3, 2013 - Latitude Management raises $242.2 million for third fund
Latitude Management Real Estate Investors, formerly Legg Mason Real Estate Investors, has raised approximately $242.2 million for its value-added fund Latitude Management Real Estate Capital III, according to a filing with the Securities and Exchange Commission.
April 2, 2013 - AXA Private Equity raises €1.75 billion for third infrastructure fund
AXA Private Equity held a €1.75 billion ($2.2 billion) final close for its AXA Infrastructure Fund III in March 2013.
April 2, 2013 - Meadow Partners nears final close for second fund
Meadow Partners plans to hold a final close for Meadow Real Estate Fund II on April 15, 2013.
April 1, 2013 - DIF holds €800 final close
Independent fund manager DIF has held an €800 million ($1.0 billion million) final close for its third infrastructure fund, DIF Infrastructure III.
April 1, 2013 - Eagle Rock plans April 30 final close
Eagle Rock Advisors plans to hold a final close on April 30, 2013 for its debut fund.
March 29, 2013 - LACERA commits additional $100 million to Capri Capital Partners
The $39.2 billion Los Angeles County Employees Retirement System (LACERA) has approved an additional $100 million commitment to separate account manager Capri Capital Partners.
March 28, 2013 - WHI Real Estate Partners hires managing principal
Jonathan Lulu has joined WHI Real Estate Partners as managing principal.
March 28, 2013 - New Mexico Council commits $200 million to infrastructure
The New Mexico State Investment Council has committed $200 million to two separate infrastructure funds.
March 28, 2013 - FSBA searches for real estate and strategic investments consultant
The $162.3 billion Florida State Board of Administration (FSBA) has issued an RFP for a real estate and strategic investments consultant.
March 28, 2013 - Massachusetts retirement system issues RFP for core managers
The $75 million North Attleboro (Mass.) Contributory Retirement System (NACRS) is searching for an open-end core or core-plus real estate manager.
March 27, 2013 - TMRS invests in core and opportunistic real estate
The $20.8 billion Texas Municipal Retirement System (TMRS) has committed $150 million to two real estate funds.
March 25, 2013 - New Jersey invests $500 million in Asia Blackstone fund
The $72.8 billion New Jersey Division of Investment (NJDOI) has committed $500 million to Blackstone Real Estate Partners Asia.
March 22, 2013 - Illinois SURS commits $300 million to two core open-end funds
The State Universities Retirement System of Illinois (SURS) board of trustees has approved the selection of core real estate managers J.P. Morgan and Heitman.
March 21, 2013 - Lone Star raises $333.4 million for distressed debt fund
Dallas-based Lone Star Funds has raised $333.4 million for its recently launched Lone Star Partners VIII.
March 21, 2013 - Clinton Stevenson retires from Ford Foundation
Clinton Stevenson has retired as director at the Ford Foundation in New York City.
March 21, 2013 - Bridge Investment Group Partners raises $322 million for second fund
Bridge Investment Group Partners has raised $322 million for its Real Estate Opportunity Capital Fund II.
March 20, 2013 - Liang resigns as PREI research managing director
Youguo Liang has resigned as managing director of research at Prudential Real Estate Investors.
March 20, 2013 - Rockpoint holds $1.95 billion final close for opportunistic fund
Rockpoint Group has held a $1.95 billion final close for its Rockpoint Real Estate Fund IV.
March 20, 2013 - Hawkeye Partners raises $227.5 million for Scout II fund
Texas-based Hawkeye Partners has raised $227.5 million from domestic investors for its second fund, Scout II.
March 19, 2013 - PSERS commits $150 million to value-added funds
The $49.7 billion Pennsylvania Public School Employees Retirement System (PSERS) has committed $75 million each to two separate value-added real estate funds.
March 19, 2013 - Texas ERS commits $227 million to real estate investments
The $23.6 billion Employees Retirement System of Texas (ERS) has committed $205 million to three real estate funds and $22 million through its emerging manager program.
March 18, 2013 - CalPERS invests $250 million in industrial partnership
The $255 billion California Public Employees' Retirement System (CalPERS) has committed $250 million into the Institutional Logistics Partners partnership.
March 18, 2013 - GTIS Partners raises $155.3 million for residential fund
GTIS Partners has raised $155.3 million for its GTIS U.S. Residential Strategies Parallel Fund.
March 18, 2013 - Velocis nears March 29 final close
Dallas-based firm Velocis Partners plans to hold a final close for its debut core-plus Velocis Fund on March 29.
March 15, 2013 - Sares-Regis Group reaches $100 million target for multifamily fund
The Irvine, Calif.-based Sares-Regis Group has held the final close for the Sares-Regis Multifamily Fund.
March 14, 2013 - Harrison Street holds first close for fourth fund in series
Harrison Street Real Estate Capital has held a $465 million initial closing for its fourth fund in its Harrison Street Real Estate Partners opportunistic fund series.
March 14, 2013 - Indiana Public Retirement System invests $100 million in core fund
The $27.1 billion Indiana Public Retirement System (INPRS) has committed $100 million to H/2 Core Real Estate Debt Fund.
March 12, 2013 - CalSTRS invests $106 million in real estate
The $155.4 billion California State Teachers Retirement System (CalSTRS) continues to invest for its real estate portfolio, making commitments totaling $106 million.
March 12, 2013 - Madison International raises additional $93.3 million for fifth fund
Madison International Realty has raised an additional $93.3 million for its Madison International Real Estate Liquidity Fund V.
March 11, 2013 - GEM Realty Capital seeks $750 million for fifth fund
GEM Realty Capital has recently launched GEM Realty Fund V, the fifth fund in the series.
March 11, 2013 - Freestanding retail and healthcare lead REIT pack in February
In February 2013, equity REITs had a 1.24 percent positive return, according to the FTSE NAREIT All Equity REIT index.
March 7, 2013 - Harrison Street pays $380 million for senior housing portfolio
Harrison Street Real Estate Capital has purchased seven class A senior housing properties located throughout Nassau and Suffolk Counties (Long Island), N.Y.
March 7, 2013 - Head of Towers Watson's real estate research team passes away
Peter Lewis, head of Towers Watson's U.S. real estate investment manager research team, has passed away.
March 6, 2013 - FSBA hires two new firms for appraisal management administration
The $161.7 billion Florida State Board of Administration (FSBA) has chosen Canada-based Altus Group and Real Estate Research Corp. as the firms responsible for appraisal management administration.
March 6, 2013 - Pennsylvania SERS increases exposure to energy infrastructure
The $25 billion Pennsylvania State Employees' Retirement System has committed a total of $300 million to two energy infrastructure funds.
March 6, 2013 - Alaska Retirement plans infrastructure manager search
The $21.6 billion Alaska Retirement Management Board is conducting a search for one or more infrastructure managers.
March 5, 2013 - Dune Real Estate raises $175 million with latest fund
New York City-based real estate investment firm Dune Real Estate Partners has raised $175 million for its Dune Real Estate Partners III.
March 4, 2013 - IPERS invests $200 million in real estate debt
The $24.2 billion Iowa Public Employees' Retirement System (IPERS) has committed to two $150 million to high-yield real estate debt funds.
March 4, 2013 - Chicago Park Employees' pension issues RFPs for infrastructure, risk parity
The $402 million Chicago Park Employees' Annuity and Benefit Fund is searching for investment managers to launch two new asset classes.
March 4, 2013 - ISBI names real estate consultant and general consultant
The $12.9 billion Illinois State Board of Investment (ISBI) has ended its search for a real estate and general consultant.
March 1, 2013 - Kimpton raises $202.8 million for third fund
Kimpton Group Holding has closed its fourth institutional real estate fund and its third fund within the Kimpton Hospitality Partners series.
March 1, 2013 - Alabama issues core real estate manager RFP
The $3.3 billion Alabama Trust Fund has issued an RFP for commingled fund managers.
March 1, 2013 - Noble Investments raises $101.7 million for hotel fund
Privately held Noble Investments Group has raised $101.7 million for its Noble Hospitality Fund II.
February 28, 2013 - AEW holds first close for opportunistic fund
AEW Capital Management has held an $89.2 million first close for its opportunistic real estate fund AEW Partners VII.
February 28, 2013 - Paladin holds $75 million first close for Latin America fund
Paladin Realty Partners has held a $75 million first close for its fourth Latin America fund.
February 27, 2013 - Meyer Bergman raises $213 million for second fund
London-based investment management firm Meyer Bergman has raised approximately €160 million ($213 million) for its second fund, Meyer Bergman European Retail Partners II.
February 26, 2013 - Ohio Bureau invests $50 million in Latitude fund
The Ohio Bureau of Workers' Compensation has invested $50 million to Latitude Management Real Estate Capital III.
February 22, 2013 - Illinois Teachers hires two advisers for real estate co-investment program
The $38.1 billion Illinois Teachers' Retirement System (TRS) has hired ORG Portfolio Management and Real Asset Portfolio Management as advisers.
February 20, 2013 - VRS invests $50 million in Japan-focused fund
The $55.5 billion Virginia Retirement System (VRS) has approved a $50 million commitment to Fortress Japan Opportunity Fund II.
February 20, 2013 - SFERS makes two separate real estate commitments
The $16.7 billion City & County of San Francisco Employees' Retirement System (SFERS) has committed $90 million to two opportunistic real estate funds.
February 20, 2013 - H/2 Capital raises $475 million for core real estate debt fund
Stamford, Conn.-based H/2 Capital Partners has raised $475 million for its H/2 Core Real Estate Debt Fund.
February 20, 2013 - Bascom raises $11.5 million for second fund
The Bascom Group has raised $11.5 million for its Bascom Value Added Apartment Investors II.
February 15, 2013 - Gigantic Blackstone fund boosts 2012 fundraising total
Fundraising activity surged in fourth quarter 2012 to $24.2 billion, the highest mark since third quarter 2008, when investment managers raised more than $36 billion of equity capital.
February 13, 2013 - APFC seeks real estate investment analyst
The $44.8 billion Alaska Permanent Fund Corp. (APFC) is searching for a real estate investment analyst.
February 13, 2013 - Blackstone spends €240 million to enter Polish logistics market
LogiCor, The Blackstone Group'snewly created logistics platform, has made its first foray into Poland with the acquisition of two portfolios totaling 4.3 square feet for
February 13, 2013 - OCERS transfers global REIT portfolio from LaSalle to BlackRock
The $7 billion Orange County Employees Retirement System (OCERS) has approved to reallocate its $104.3 million global real estate investment trust portfolio from the LaSalle Global REIT Program.
February 13, 2013 - CalSTRS rehires Townsend Group as real estate consultant
The $157.8 billion California State Teachers' Retirement System (CalSTRS) has rehired The Townsend Group as its real estate consultant.
February 12, 2013 - Charles River holds final close for Boston-focused property fund
Charles River Realty Investors has held a $250 million final close for its second fund.
February 12, 2013 - REITs start off 2013 with positive returns
All Equity REITs started off 2013 with positive returns, recording a 3.66 percent total in January, according to the FTSE NAREIT All Equity Index.
February 8, 2013 - TMRS searches for new real estate manager
The $20.1 billion Texas Municipal Retirement System (TMRS) plans to search for a new real estate manager.
February 7, 2013 - Avanti Strategic Land Investors VII closes at $137 million
Avanti Investment Advisors held a $137 million final close for it seventh fund.
February 7, 2013 - Commercial real estate returns increase, fund investments decline in fourth quarter
Institutional real estate investment returns recorded a small increase in the fourth quarter over the previous quarter, according to the NCREIF Property Index. And the NCREIF Open-end Diversified Core Index, came in slightly below its returns in third quarter 2012 and fourth quarter 2011.
February 7, 2013 - NYSTRS commits $125 million to real estate
The $88.1 billion New York Teachers' Retirement System (NYSTRS) has invested $125 million in two separate commitments.
February 7, 2013 - New York Common Fund invests $200 million in Europe
The $150.1 billion New York State Common Retirement Fund has committed $200 million to AREA European Property Enhancement Program.
February 7, 2013 - Stockbridge names two new vice presidents, asset managers
Real estate investment firm Stockbridge Capital Group has made two new hires.
February 6, 2013 - Real Estate Capital Partners closes Metropolitan Opportunity Fund III
Real Estate Capital Partners (RECAP) has held a $120 million final close for its Metropolitan Opportunity Fund III.
February 5, 2013 - Rhode Island ERS issues RFI for infrastructure managers
The $7.5 billion Employees' Retirement System of Rhode Island (ERSRI) has issued an RFI to evaluate investment management firms.
February 5, 2013 - NYSTRS appoints new managing director of real estate
The $90.9 billion New York State Teachers' Retirement System (NYSTRS) has appointed David Gillan managing director of real estate.
February 4, 2013 - Texas Teachers makes $15 million real estate commitment
The Teacher Retirement System of Texas has allocated $15 million to a real estate fund.
February 4, 2013 - NMERB commits $50 million to real estate fund
The $8.5 billion New Mexico Educational Retirement Board (NMERB) has committed $50 million to a core-plus/value-added real estate fund.
February 1, 2013 - LaSalle raises $283.3 million for value-added fund
LaSalle Investment Management has raised $283.3 million for a value-added real estate fund.
February 1, 2013 - Investor confidence in hotel sector increases
Despite the uncertainties of the global economy in 2012, investors have more confidence in the hotel sector this year, according to a survey in the Ernst & Young 2013 Global Hospitality Report.
January 31, 2013 - Northwood raises more than $500 million in third close
New York City-based Northwood Investors has raised approximately $551.7 million for its opportunistic real estate fund, Northwood Real Estate Partners, in a third closing.
January 31, 2013 - Berkshire Multifamily Value Fund III holds first close
Boston-based Berkshire Group has raised $168.5 million in a first close for Berkshire Multifamily Value Fund III.
January 30, 2013 - BWC makes first value-added real estate investment
The $21 billion Ohio Bureau of Workers' Compensation (BWC) has made a $50 million commitment to KTR Industrial Fund III.
January 29, 2013 - Paladin Realty launches second Colombian venture
Paladin Realty Partners has launched PALVAL Homebuilding Platform, a Bogota, Colombia-based joint venture.
January 29, 2013 - Timber records highest returns since 2007
On the back of a housing market recovery, timberland has recorded the highest total return since fourth quarter 2007, coming in at 5.92 percent
January 28, 2013 - Zisler Capital merges with Encore Enterprises
Zisler Capital Associates, a Denver-based consulting firm, has merged with Encore Enterprises, a Dallas-based real estate investment management firm.
January 28, 2013 - PSERS makes first commitment to Paramount Group
The $51 billion Pennsylvania Public School Employees' Retirement System (PSERS) has approved a $100 million commitment to Paramount Group.
January 28, 2013 - Hawaii Employees commits to Mesa West fund
The $12 billion Hawaii Employees' Retirement System has made an investment in a Mesa West real estate debt fund.
January 25, 2013 - Macquarie Group launches third infrastructure fund in a series
Australia-based Macquarie Group has launched its third fund in an infrastructure series.
January 25, 2013 - Pearlmark Real Estate launches debt fund
Pearlmark Real Estate Partners has launched its fourth debt fund.
January 24, 2013 - Colony American Homes nears final close
Santa Monica, Calif.-based investment firm Colony Capital is expected to close its single-family residential investment fund, Colony American Homes, by the end of the week.
January 23, 2013 - New Jersey could sell $1 billion in real estate fund investments
The $70.8 billion New Jersey Division of Investment may sell its interests in about 20 real estate funds, totaling more than $1 billion.
January 23, 2013 - U.S. farmland sector has strong return in fourth quarter
During fourth quarter 2012, U.S. farmland had a strong rate of return, exceeding its income return from fourth quarter 2011, according to the NCREIF Farmland Index, released by the National Council of Real Estate Investment Fiduciaries.
January 22, 2013 - KPERS invests $90 million in infrastructure and real estate funds
The $13.6 billion Kansas Public Employees Retirement System (KPERS) has committed $90 million to two funds.
January 17, 2013 - JPMCB Strategic Property Fund invests in two properties during fourth quarter
The JPMCB Strategic Property Fund, managed by J.P. Morgan Asset Management Global Real Assets, recently invested $239.4 million in two residential assets.
January 17, 2013 - Hungerford Properties extends final close date for Western Canada fund
Hungerford Properties has extended its final close date for its Hungerford Properties Western Canada Opportunities Fund to March 31, 2013.
January 17, 2013 - TCDRS commits €40 million to invest in Europe
The $17.6 billion Texas County & District Retirement System (TCDRS) has committed €40 million ($54 million) to Orion European Real Estate Fund IV.
January 16, 2013 - J.P. Morgan hires new managing director and client portfolio manager
John Faust has been hired as managing director and client portfolio manager in San Francisco for J.P. Morgan Asset Management.
January 16, 2013 - TIAA-CREF appoints two new senior directors
Deborah Ulian and Stephane Marguier have been hired as senior directors with TIAA-CREF.
January 15, 2013 - The Dermot Co. appoints new senior manager
Rob Kilroy has joined the Dermot Co., a New York-based multifamily developer, as one of the firm's senior managers.
January 15, 2013 - CITIC Capital raises $475 million for fourth fund
CITIC Capital Real Estate Group has raised approximately $475 million for fourth fund.
January 14, 2013 - TCRS invests $55 million in two real estate funds
The $36.3 billion Tennessee Consolidated Retirement System (TCRS) has committed a total of $55 million to two separate real estate funds.
January 14, 2013 - Paul Dolinoy retires from Hunt Investment Management
Paul Dolinoy has retired as executive vice president and managing director of Hunt Investment Management.
January 11, 2013 - Stonebridge Financial holds final close for first fund
Toronto-based Stonebridge Financial Corp. has held a final close for its first infrastructure debt fund.
January 11, 2013 - J.P. Morgan names new managing director and client portfolio manager
J.P. Morgan Asset Management - Global Real Assets has appointed John Faust as a managing director and client portfolio manager for real estate.
January 10, 2013 - LACERA commits $100 million and issues RFP
The $39.2 billion Los Angeles County Employees Retirement Association approved a $100 million commitment at its Jan. 9 meeting.
January 10, 2013 - Illinois State Board of Investments to meet real estate investment target
The $11.3 billion Illinois State Board of Investments will meet its real estate target allocation in real estate by the end of 2013.
January 9, 2013 - Schroders announces first close of Core European Property Fund
Schroders Property Investment management has announced the first close of the Schroder Core European Property Fund on Dec. 21, 2012.
January 9, 2013 - North Carolina Retirement invests $670 million in real estate
The $74.5 billion North Carolina Retirement Systems has committed $670 million to four separate real estate funds.
January 9, 2013 - REVCAP extends final close date for European property fund
Real Estate Venture Capital Management has extended its final close date for its second fund in a series.
January 9, 2013 - RREEF receives approval for $2.5 billion REIT plan
The Securities and Exchange Commission has approved RREEF Property Trust's registration statement pertaining to its public offering.
January 9, 2013 - REITs post impressive returns in 2012
Despite economic uncertainties characterized by a fiscal cliff and shaky global economy, REITs recorded a strong return of 19.7 percent in 2012, making it the fourth consecutive year that equity REITs have outperformed other asset classes, according to the FTSE NAREIT Equity REIT Index.
January 8, 2013 - Madison International raises $137.5 million for fifth fund
Madison International Realty has raised approximately $137.5 million for its Madison International Real Estate Liquidity Fund V.
January 8, 2013 - Security Properties holds final close for first fund
Seattle-based Security Properties has held a $20 million final close for its debut fund, Security Properties Multifamily Fund. The fund invests in apartment properties.
January 8, 2013 - Florida commits $400 million to real estate and infrastructure
The $157 billion Florida State Board of Administration has committed $400 million to real estate and infrastructure.
January 7, 2013 - Fiera Axium raises $202 million for infrastructure fund
Canadian management firm Fiera Axium has raised $202 million for its open-end infrastructure fund, Fiera Axium Infrastructure North America.
January 7, 2013 - Covenant Capital closes apartment fund
Covenant Capital Group has held a final close for its Covenant Apartment Fund VII.
January 3, 2013 - Brookfield raises $120 million for Brazil timber fund
Toronto-based Brookfield Asset Management has raised approximately $120 million for a Brazil timber fund.
December 28, 2012 - Indiana Retirement System commits $75 million to Stockbridge Fund
The $26.6 billion Indiana Public Retirement System (INPRS) has committed $75 million to Stockbridge Smart Markets Fund, managed by Stockbridge Capital Group.
December 28, 2012 - Texas TRS invests in AEW Senior Housing fund
The $110 billion Teacher Retirement System of Texas (TRS) has committed $100 million to AEW Senior Housing.
December 28, 2012 - LAFPP invests $90 million in two real estate funds
The $14.2 billion Los Angeles Fire and Police Pensions (LAFPP) has invested $90 million in two funds.
December 26, 2012 - Starwood Energy launches billion-dollar infrastructure fund
Starwood Energy Group Global, a Greenwich, Conn.-based private investment firm focused on energy infrastructure projects, has launched a second energy infrastructure fund.
December 21, 2012 - Harrison Street launches fourth opportunistic fund
Harrison Street Real Estate Capital (HSRE) has launched a fourth fund for its opportunistic Harrison Street Real Estate Partners fund series.
December 20, 2012 - Crow Holdings Capital Partners raises $604 million for sixth fund
Crow Holdings Capital Partners has raised approximately $604 million in equity commitments for its Crow Holdings Realty Partners VI.
December 20, 2012 - CBRE raises $261 million for Asia fund
CBRE Global Investors has raised approximately $261 million for CBRE Asia Value fund, formerly ING Real Estate Asia Value Fund.
December 20, 2012 - WNC closes $124.5 million low-income housing tax credit fund
WNC, a national investor in community renewal and affordable housing projects, has held a $124.5 million final close for its WNC Institutional Tax Credit Fund 37.
December 19, 2012 - Eagle Rock raises $114 million
UOB Eagle Rock Multifamily Property Fund, a core-plus multifamily fund managed by New York City
December 14, 2012 - PSERS commits $150 Million to debt funds
The $51 billion Pennsylvania Public School Employees' Retirement System (PSERS) has committed $75 million each to LEM Real Estate High-Yield Debt and Preferred Equity Fund III and Latitude Management Real Estate Capital III.
December 14, 2012 - CBRE forecasts uptick in industrial space demand and rents
The U.S. industrial real estate market is still recovering from the economic downturn, but growth in technology, domestic energy and global trade will help encourage demand in the warehouse and distribution sectors, CBRE Group forecasts.
December 12, 2012 - Illinois Teachers commits $50 million to China fund, makes new hires
The $37.5 billion Teachers' Retirement System of the State of Illinois commits $50 million to Gateway Real Estate Fund IV, an opportunistic, value-added fund.
December 11, 2012 - Oregon commits $100 million to infrastructure
The Oregon Investment Council has a $100 million commitment to Stonepeak Infrastructure Partner.
December 11, 2012 - TMRS commits $300 million to core vehicles
The $20.1 billion Texas Municipal Retirement System (TMRS) has increased its core exposure with a total of $300 million in investments to four real estate funds.
December 7, 2012 - Carroll Organization holds final close for second fund
Atlanta-based real estate investment firm Carroll Organization has held a $30 million final close for its Carroll Co-Invest Fund II and sidecar fund for joint venture partners.
December 7, 2012 - CBRE Global Investors holds $1.1 billion final close
CBRE Global Investors has held a final closing of CBRE Strategic Partners U.S. Value 6, with equity commitments of nearly $1.1 billion.
December 5, 2012 - Rockpoint Fund IV raises $1.2 billion
Rockpoint Real Estate Fund IV has raised approximately $1.2 billion in equity commitments.
December 4, 2012 - Illinois Teachers' issues RFP, posts positive real estate returns
The $36.3 billion Teachers' Retirement System of the State of Illinois (TRS) has issued an RFP for a separate account manager with industrial experience to manage a commitment projected to be at $200 million.
December 3, 2012 - TCDRS commits $50 million to Rockpoint fund
The $17.6 billion Texas County & District Retirement System (TCDRS) has committed $50 million to Rockpoint Real Estate Fund IV.
November 30, 2012 - Texas Permanent increases European exposure
The $25 billion Texas Permanent School Fund has approved a $75 million commitment to AREA European Real Estate Fund IV.
November 30, 2012 - CalSTRS invests $650 million in real estate
The $155.4 billion California State Teachers' Retirement System (CalSTRS) has committed $400 million to four funds and formed a $250 million joint venture.
November 27, 2012 - Rockspring nears final close date
U.K.-based Rockspring Property Investment Managers has a planned final close for its Rockspring TransEuropean Property Limited Partnership V on Dec. 5.
November 21, 2012 - Montana Board of Investment commits $40 million to value-added funds
The $8.1 billion Montana Board of Investment has committed $40 million to two value-added funds.
November 19, 2012 - Quantum Equities’ second fund nears final close
Seattle-based commercial property developer Quantum Equities has plans to hold a final close for its Cascadia Real Estate Investments II on Nov. 30.
November 15, 2012 - Illinois Municipal invests $225 million in real estate
The $27.4 billion Illinois Municipal Retirement Fund approved the investment of up to $225 million into eight noncore, commingled real estate funds at its Oct. 26 meeting.
November 14, 2012 - AEW holds $113 million first close for second senior housing fund
Boston-based AEW Capital Management has held a $113 million first close for AEW Senior Housing Investors II, its U.S. value-added fund focused on the senior housing sector.
November 13, 2012 - Harrison Street raises $391 million for core fund
Harrison Street Real Estate Capital has raised approximately $391 million for its Harrison Street Core Property Fund, according to a filing with the Securities and Exchange Commission.
November 13, 2012 - Almanac Realty investors closes fund with $819 million
Almanac Realty Investors, formerly Rothschild Realty, has held a final close for its value-added fund Almanac Realty Securities VI.
November 12, 2012 - Alaska Permanent approves follow-on $200 million to residential real estate
The $42.3 billion Alaska Permanent Fund Corp. has made an additional commitment of $200 million to California-based company American Homes 4 Rent.
November 8, 2012 - Paladin makes first investment in Uruguay
Paladin Realty Partners, which is active throughout Latin America, has made its first investment in Uruguay through a home-building joint venture platform called Pali-Altius.
November 7, 2012 - Westbrook holds $1.6 billion final close
New York City-based private equity real estate firm Westbrook Partners' latest fund, Westbrook Real Estate Fund IX, has held a final close with approximately $1.59 billion raised in equity commitments.
November 7, 2012 - Walton Street holds $710 million first close
Chicago-based Walton Street Capital has held a $710 million initial close for its seventh commingled real estate fund, Walton Street Real Estate Fund VII.
November 5, 2012 - USAA/Admiral value-added fund holds $112 million close
The $11.6 billion Illinois State Board of Investment has plans to issue an RFP on Nov. 13 for real estate consultants.
October 30, 2012 - Thayer holds $70 million first close for sixth fund
Annapolis, Md.-based Thayer Lodging has held a first closing for its sixth institutional hotel fund, Thayer Hotel Investors VI, raising $70 million in equity commitments.
October 25, 2012 - Grain Management raises $240 million for second infrastructure fund
Sarasota, Fla-based Grain Management has raised approximately $240 million for its Grain Infrastructure Fund II, according to a filing with the Securities and Exchange Commission.
October 24, 2012 - USAA/Admiral value-added fund nears expected final close
Admiral Capital Real Estate Fund, a value-added fund sponsored by a partnership between the Admiral Capital Group and USAA Real Estate Co., is scheduled to hold a final close on Oct. 31.
October 24, 2012 - Devonshire raising $100 million for multifamily fund
Toledo, Ohio-based Devonshire Fund is seeking to raise $100 million in equity for its Devonshire Multi-Family Fund.
October 23, 2012 - Westbrook Fund IX nears expected final close
New York City-based private equity real estate firm Westbrook Partners' latest fund, Westbrook Real Estate Fund IX, is scheduled to hold a final close on Oct. 27.
October 17, 2012 - Alcion sells new Four Seasons Canadian flagship hotel
Boston-based real estate private equity firm Alcion Ventures has completed the development of a hotel project in Toronto for Four Seasons Hotels & Resorts.
October 16, 2012 - PREI raises $805 million for its U.S. debt fund
Prudential Real Estate Investors has held an $805 million final close for its Prudential U.S. Real Estate Debt Fund.
October 16, 2012 - Ram Real Estate raises more than $100 million for third fund
Ram Real Estate has raised approximately $101 million for its Ram Realty Partners III.
October 15, 2012 - Hines holds $210 million final close
Hines has closed its Hines U.S. Office Value-Added Venture III with $210 million of equity.
October 15, 2012 - Carroll Organization plans $200 million core-plus/value-added fund
Carroll Organization, an Atlanta-based owner-operator of multifamily real estate, has plans to launch Carroll-Bainbridge.
October 15, 2012 - Blackstone holds $13.3 billion close
The Blackstone Group has held a $13.3 billion final close for its opportunistic real estate fund, Blackstone Real Estate Partners VII.
October 12, 2012 - Texas Retirement System commits $125 million
The $22.3 billion Employees Retirement System of Texas has committed $125 million to two real estate funds.
October 11, 2012 - CalPERS agrees to buy out partner in Chicago-area mall
The $245.3 billion California Public Employees Retirement System (CalPERS) has agreed to take full ownership of the Chicago area's largest shopping center, Woodfield Mall in Schaumburg, Ill.
October 10, 2012 - CarVal holds $205 million final close
CarVal Investors has closed its CVI Real Estate Value Fund III with $205 million of equity commitments.
October 10, 2012 - Susan Hudson-Wilson passes away
Susan Hudson-Wilson, a pioneer in the commercial real estate industry, passed away on Oct. 5 at the age of 60.
October 4, 2012 - Oaktree Capital holds $4.9 billion final close
Oaktree Capital Management has held a $4.9 billion final close for its distressed debt fund, Oaktree Opportunities Fund IX, exceeding its $4 billion target.
October 4, 2012 - KTR raises $193 million for third industrial fund
KTR Capital Partners, an industrial-focused private equity real estate investment firm based in New York City, has raised $193 million for its value-added fund KTR Industrial Fund III.
October 3, 2012 - USAA Real Estate aims to raise $2 billion for government fund
USAA Real Estate Co., a subsidiary of USAA, a financial services company serving military families with $138 billion of assets under management, has launched the U.S. Government Building Open-End Fund.
October 1, 2012 - Blackstone Group launches debt strategy fund
The Blackstone Group launched its latest real estate debt strategy fund, Blackstone Real Estate Debt Strategies II.

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