Institutional Real Estate Newsline
April 12, 2013: Vol. 21 No. 15Buy For $65.00 Add to Cart
Kayne Anderson raises $675 million for opportunistic fund
Kayne Anderson Capital Advisors has raised $675 million for Kayne Anderson Real Estate Partners III.
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.
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).
PCCP raises $212 million for second fund
PCCP LLC, a Los Angeles-based investment manager, has raised $212.2 million for its second fund.
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.
PRUPIM to be renamed M&G Real Estate
European investment manager M&G Investments has renamed its PRUPIM property business M&G Real Estate. The name change is effective from the end of June.
Qatar set to pay $2 billion for landmark Paris retailer
Divine Investments, owned by Qatar, plans to pay $2.09 billion for the landmark Paris department store Printemps and its nationwide chain of stores.
Carlyle buys Shanghai office tower for $267 million
The Carlyle Group has acquired a Shanghai office building, Central Plaza, for $267 million from Singapore-listed real estate fund Forterra Trust.
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.
Ivanhoe Cambridge joins JV in 8,010-unit U.S. apartment portfolio
Ivanhoe Cambridge has joined a partnership of the Real Estate Principal Investment Area of Goldman Sachs, Greystar Real Estate Partners and other partners in a portfolio of 27 high-quality multifamily properties located across the United States.
PATRIZIA buys GBW in deal valuing German residential firm at $3.3 billion
PATRIZIA Immobilien AG has agreed to buy Bayerische Landesbank’s GBW AG unit in a transaction that values the listed housing company at $3.3 billion.
Union Bank to acquire $3.7 billion commercial real estate lending portfolio
Union Bank has purchased PB Capital Corp.’s institutional commercial real estate lending portfolio and platform. PB Capital Corp. is a wholly owned subsidiary of Deutsche Bank AG.
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.
Northstar pays $865 million for manufactured housing portfolio
NorthStar Realty Finance Corp. has acquired a manufactured housing portfolio comprising 71 communities containing approximately 17,000 pad rental sites located throughout five states.
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.