Institutional Real Estate Newsline
December 31, 2012: Volume 20, Number 49Buy For $65.00 Add to Cart
Fortress holds $1.65 billion final close for Japan fund
Fortress Investment Group, a diversified global investment firm based in New York City, has held a final close for its Japanese Opportunity Fund II.
Starwood Energy launches billion-dollar infrastructure fund
Starwood Energy Group Global, a Greenwich, Conn.-based private investment firm focused on energy infrastructure projects, has launched a second energy infrastructure fund, Starwood Energy Infrastructure Fund II.
Crow Holdings Capital Partners
Crow Holdings Capital Partners has raised approximately $604 million in equity commitments for its Crow Holdings Realty Partners VI.
- Indiana Retirement System commits $75 million to Stockbridge Fund
Harrison Street launches fourth opportunistic fund
Harrison Street Real Estate Capital (HSRE) has launched a fourth fund for its opportunistic Harrison Street Real Estate Partners fund series.
Texas TRS invests in AEW Senior Housing Fund
The $110 billion Teacher Retirement System of Texas (TRS) has committed $100 million to AEW Senior Housing.
LAFPP invests $90 million in two real estate funds
The $14.2 billion Los Angeles Fire and Police Pensions (LAFPP) has invested $90 million in two funds.
Eagle Rock raises $114 million for first fund
UOB Eagle Rock Multifamily Property Fund, a core-plus multifamily fund managed by New York City–based real estate manager Eagle Rock Advisors, has raised approximately $114.6 million.
CBRE raises $261 million for Asia fund
CBRE Global Investors has raised approximately $261 million for CBRE Asia Value fund, formerly ING Real Estate Asia Value Fund.
WNC closes $124.5 million low-income housing tax credit fund
WNC, a national investor in community renewal and affordable housing projects, has held a $124.5 million final close for its WNC Institutional Tax Credit Fund 37.
ARCP buys ARCT III to vreate $3 billion enterprise
American Realty Capital Properties (ARCP) has acquired the outstanding shares of ARCT III, creating a new enterprise valued at $3 billion.
BlackRock acquires property funds from Deutsche Bank
BlackRock's core U.K. Property Fund (BUKPF) has merged with U.K. Retail, Office and Industrial Property Funds managed by Deutsche Bank’s RREEF Alternative Investments in a £335 million ($543 million) deal.
Forest City, Arizona Retirement System launch $400 million development venture
Forest City Enterprises and the Arizona State Retirement System have created a strategic capital partnership and a $400 million equity fund that will invest in multifamily development projects.
Taubman increases stake in two Florida malls for $514.6 million
Taubman Centers (NYSE: TCO) has increased its stake in two Florida retail developments for a combined $514.6 million.
Westcore and DRA Advisors acquire industrial portfolio for $600 million
Westcore Properties has acquired 110 properties in a joint venture.
Dexus continues to sell U.S. industrial portfolio
Australia-based Dexus Property Group has sold an additional 25 U.S. industrial properties to an entity advised by Heitman for $542.8 million.
Kilroy Realty completes $355 million sale of entire industrial portfolio
Kilroy Realty Corp. (NYSE: KRC) has sold off its entire industrial portfolio along with two smaller office projects, totaling approximately 3.7 million square feet.
Parkoff Organization buys 10-building portfolio
Parkoff Organization has paid $158 million to the Dermot Co. for a 10-building portfolio of residential and mixed-use properties in Manhattan and the Bronx.
Joint Venture pays $275 million for Congress Plaza Hotel
A joint venture between Aimcap and Halcyon Development has paid $275 million for the Congress Plaza Hotel in Chicago.
CPPIB enters Sweden with $702 million mall buy
The C$170.2 billion ($172.8 billion) Canada Pension Investment Board (CPPIB) has agreed to acquire Kista Galleria Shopping Center in Stockholm
GI Partners acquires Liberty Park at Tysons
GI Partners has acquired Liberty Park at Tysons.
- DivcoWest partnership completes Silicon Valley portfolio acquisition
Alony plans to invest $300 million to Washington, D.C. properties
Alony Hetz, an Israeli real estate investment company, has signed a term sheet with J.P. Morgan Asset Management – Global Real Asset's JPMCB Special Situation Property Fund.
Brookfield Asset Management closes $886 million acquisition
Brookfield Asset Management has closed its $886 million acquisition of a majority ownership position in Verde Realty.