Institutional Real Estate Newsline
August 24, 2009: Vol. 17, Number 32Buy For $65.00 Add to Cart
CalSTRS Adds Infrastructure to Portfolio Mix
As part of its 2009 asset liability study, the board of the $119 billion California State Teachers’ Retirement System (CalSTRS) has adopted a 5 percent absolute return allocation.
CalPERS Issues RFP for Real Estate Consultant Search
The $188.5 billion California Public Employees’ Retirement System (CalPERS) has issued an RFP for a pool of preapproved real estate consultants for five-year contracts beginning on July 1, 2010.
KBS REIT II Acquires Washington, D.C., Office Complex for $112 Million
KBS REIT II has purchased the Willow Oaks Corporate Center in Merrifield, Va., 10 miles west of Washington, D.C., for $112 million, or approximately $196.78 per square foot.
- NYSTRS Commits $100 Million to Infrastructure Fund
Secured Capital Japan Closes Fourth Opportunity Fund
Secured Capital Japan Co. Ltd. (SCJ) has held the final closing for SCJREP IV Fund with equity commitments of $535 million. SCJREP IV Fund is SCJ’s fourth opportunity fund to invest in real estate in Japan.
TALF's Sunset Date Extended
The Term Asset-Backed Securities Loan Facility (TALF) has been extended from the original sunset date of Dec. 31, 2009, to June 30, 2010.
Titanium Asset Management Corp. Forms Titanium Real Estate Advisors
Titanium Asset Management Corp. has formed Titanium Real Estate Advisors, a new division focused on providing real estate advisory services to U.S.-based Taft-Hartley pension plans and other institutional investors.
U.S. Real Estate Market Suffers Sharp Six-Month Decline
U.S. real estate market values have fallen by 17 percent over the first six months of 2009, according to the IPD U.S. Quarterly Indicator.