Institutional Real Estate Newsline
April 9, 2012: Vol. 20, No. 15Buy For $65.00 Add to Cart
Angelo Gordon Closes Two Funds with $2.28 Billion in Equity
Angelo, Gordon & Co. has closed two of its commingled vehicles with a total equity capital raise of $2.28 billion.
Arkansas Teachers Commits $30 Million to Rockwood
The $11.6 billion Arkansas Teacher Retirement System (ATRS) has made a $30 million commitment to Rockwood Capital Real Estate Partners Fund IX.
BPG Properties Acquires First Multifamily Community for Its Fund IX
Philadelphia-based BPG Properties, on the behalf of its BPG Investment Partnership IX, has acquired two multifamily communities totaling 676 units in Fredericksburg, Va., from a subsidiary of UDR Inc. (NYSE: UDR) for $83 million.
Cook County Seeks Value-added Real Estate
The $7.6 billion Cook County (Ill.) Pension Fund and Forest Preserve District Annuity and Benefit Fund has issued an RFP for a real estate manager to handle $60 million.
Florida State Board Approves $300 Million Investment to Blackstone
The $157.9 billion Florida State Board of Administration has made a $300 million commitment to Blackstone Real Estate Partners VII.
LaSalle Investment Management Acquires Home Hub Hills
LaSalle Investment Management has acquired Home Hub Hills in Castle Hill, Sydney, for A$178.5 million ($183 million).
Macquarie Aims to Raise $2 Billion for U.S., Canadian Infrastructure
Sydney, Australia–based Macquarie Group has plans to launch a $2 billion infrastructure fund in 2012, according to Reuters.
Westport Closes Third Fund
Westport Capital Partners has held a final close for its Westport Capital Partners Real Estate Fund III with more than $571 million.
- Tishman Speyer Partnership Acquires U.S. Real Estate Portfolio