Institutional Real Estate Newsline
August 30, 2013: Vol. 21 No. 35Buy For $65.00 Add to Cart
Recent commercial real estate acquisitions
The largest completed transactions included office properties in Austin and New York City.
CalSTRS invests $620 million to real estate in second quarter
The $165.8 billion California State Teachers' Retirement System (CalSTRS) has committed $620 million for its real estate portfolio as of June 30, 2013.
CCCERA invests $150 million in distressed real estate
The $5.95 billion Contra Costa County (Calif.) Employees Retirement Association (CCCERA) has approved two follow-on commitments to opportunistic distressed real estate funds.
NMERB makes first-time investment
The $10.3 billion New Mexico Educational Retirement Board (NMERB) has approved a first-time commitment to Raith Capital Partners’ real estate debt fund.
CNL buys senior portfolio for $457 million
CNL Healthcare Properties has bought a portfolio of 21 senior housing communities in five states throughout the Pacific Northwest for an aggregate purchase price of approximately $457.3 million.
Blackstone debt fund holds final close with $1.74 billion
The Blackstone Group has raised an additional $406 million in equity commitments for its Blackstone Real Estate Debt Strategies II.
Avenida raises $68.2 million for Colombia fund
Avenida Capital has held a first closing for its first institutional fund, Avenida Colombia Real Estate Fund I, raising approximately $68.2 million.
Hyatt to pay $717 million for Florida hotel
Hyatt Hotels Corp. has agreed to pay $717 million for the Peabody Orlando, a 1,641-room hotel across from the Orange County Convention Center in Orlando.
Carlyle, Townsend invest $200 million in China logistics warehouses
The Carlyle Group and The Townsend Group have formed a strategic partnership with Shanghai Yupei Group, one of the largest logistics warehouse developers in China, to invest in 17 modern warehouses in China.
Texas pension embarks on infrastructure investment
The $24 billion Employees' Retirement System of Texas announced plans to commit up to $235 million to infrastructure in 2014 as part of an overall plan to reach a 4 percent target allocation by 2015.
AMP completes first close of infrastructure debt fund
AMP Capital has raised more than $300 million from 17 institutional investors from Australia, Japan, South Korea, Switzerland and the United Kingdom to complete the first close of the AMP Capital Infrastructure Debt Fund II.
RCG Ventures exceeds final fundraising goal
RCG Ventures has held a $107 million final close for its third value-added fund, RCG Ventures Fund VIII, exceeding its fundraising goral of $75 million.
Greystar raises $140 million for eighth multifamily fund
Greystar Real Estate Partners held a first close for its Greystar Equity Partners VIII on Aug. 6.
LBA launches fifth real estate fund
Irvine, Calif.â€“based LBA Realty has launched LBA Realty Fund V, according to a filing with the Securities and Exchange Commission.
CIM Group raises $103 million for eighth fund
CIM Group has raised an additional $103.3 million for its CIM Fund VIII.