Institutional Real Estate Newsline
August 16, 2013: Vol. 21 No. 33Buy For $65.00 Add to Cart
Recent commercial real estate acquisitions
The largest completed transactions included an office property in New York City and a retail property in Tennessee.
SDCERS invests $20 million in European real estate fund
The $5.8 billion San Diego City Employees’ Retirement System (SDCERS) has approved an investment of €15 million ($20 million) in Europa Fund IV, according to minutes from an Aug. 8 board meeting.
Bentall Kennedy hires Wes Ahrens for industrial asset management
Wes Ahrens has been hired as the senior vice president of asset management for Bentall Kennedy.
Phoenix Property Investors raises additional capital for fifth Asian fund
Hong Kong–based Phoenix Property Investors has raised $475 million on behalf of Phoenix Asia Real Estate Investments V, according to a filing with the Securities and Exchange Commission.
PREI buys office portfolio from Blackstone for $400 million
Prudential Real Estate Investors (PREI) has purchased seven Southern California office properties from The Blackstone Group for approximately $400 million.
Meadow Partners raises $295 million for opportunistic fund
Meadow Partners has raised $294.9 million so far for its opportunistic real estate fund, Meadow Real Estate Fund II.
Dallas Police and Fire Pension approves two new commitments
The Dallas Police and Fire Pension Fund (DPFP) has approved commitments to two funds, according to a summary of an Aug. 8 board meeting.
Farallon Capital fund raises $153.5 million
San Francisco–based Farallon Capital has raised $153.5 million on behalf of its latest fund, Farallon Real Estate Institutional Partners, according to a filing with the Securities and Exchange Commission.
Blackstone, DDR acquire shopping centers for $332 million
Regency Centers Corp. has sold a portfolio of shopping centers to a joint venture between affiliates of Blackstone Real Estate Partners VII and DDR Corp. for $332 million.
Heitman raises $137.5 million for Heitman Value Partners III
Chicago-based investment manager Heitman has raised $137.5 million for Heitman Value Partners Fund III, according to a filing with the Securities and Exchange Commission.
Amstar partnership sells shopping center in Russian secondary market
A partnership between Denver-based Amstar Global Advisers and Renaissance Development sold the Aura Shopping Center in Novosibirsk, Russia, to Moscow-based RosEuro Development for around €195 million ($259 million).
Blackstone to acquire apartment portfolio for $2.7 billion
The Blackstone Group is reported to be buying an 80-property apartment portfolio from GE Capital for $2.7 billion.
Legal & General acquires two U.K. student housing properties for £130 million
Legal & General Property has acquired two new student housing properties in the United Kingdom for a total consideration of £130 million ($201 million).
REITs underperform broader equity index in July
U.S. equity REITs underperformed the broader equity index in July, as the NAREIT All Equity REIT Index returned 0.83 percent in the past month — considerably lower than the S&P 500 Index’s 5.09 percent return over the same period.
Tim Walsh departs New Jersey Division of Investments
Tim Walsh is leaving his position as the director of the $74 billion New Jersey Division of Investments (NJDI), according to a statement.