Institutional Real Estate Newsline
December 20, 2010: Vol. 18, Number 48Buy For $65.00 Add to Cart
Brookfield Infrastructure Partners Completes Merger with Prime Infrastructure
Brookfield Infrastructure Partners completed its $1.7 billion merger with Prime Infrastructure. Brookfield Infrastructure is now a global company that owns and operates high-quality utilities, transport, energy and timber assets on five continents with a current market capitalization in excess of $3 billion.
CalPERS Changes Asset Allocation Strategy
The California Public Employees' Retirement System (CalPERS) adopted a new asset allocation strategy to position it for better risk-adjusted performance.
HCP Buys Real Estate Assets of HCR ManorCare for $6.1 Billion
HCP (NYSE: HCP), a healthcare-focused U.S. REIT, has signed a definitive agreement to acquire the real estate assets of Toledo, Ohio–based HCR ManorCare.
RREEF Completes Australian Deal for Asian Investor
RREEF has acquired a class A office building in Melbourne, Australia, for A$113 million ($112 million) on behalf of an undisclosed Asian pension fund.
Texas Municipal Plans First Real Estate Investment
The $17.6 billion Texas Municipal Retirement System (TMRS) plans to conduct a search for core commingled fund managers to implement a $300 million allocation to real estate.