Institutional Real Estate Newsline
February 8, 2013: Volume 21, Number 6Buy For $65.00 Add to Cart
TMRS searches for new real estate manager
The $20.1 billion Texas Municipal Retirement System (TMRS) plans to search for a new real estate manager.
Blackstone to buy stake in 40 U.S. shopping centers
The Blackstone Group has agreed to buy a majority stake in 40 U.S. shopping centers from UBS AB property funds in a deal valued at about $1.1 billion.
Stockbridge names two new vice presidents, asset managers
Real estate investment firm Stockbridge Capital Group has made two new hires.
NYSTRS commits $125 million to real estate
The $88.1 billion New York Teachers' Retirement System (NYSTRS) has invested $125 million in two separate commitments.
Avanti Strategic Land Investors VII closes at $137 million
Avanti Investment Advisors held a $137 million final close for it seventh fund.
New York Common Fund invests $200 million in Europe
The $150.1 billion New York State Common Retirement Fund has committed $200 million to AREA European Property Enhancement Program, a value-added strategy program managed by AREA Property Partner.
Brandywine and Campus Crest to build student housing in Philadelphia
Brandywine Realty Trust, Campus Crest Communities and Harrison Street Real Estate Capital have announced a joint venture partnership to develop a 33-story student housing tower in Philadelphia.
Fight over Primaris REIT ends with $4.6 billion compromise
The two rival groups competing to buy Canadian REIT Primaris Retail Real Estate Investment Trust, a KingSett Capital consortium and H&R Real Estate Investment Trust, have reached a $4.6 billion compromise.
Rhode Island ERS issues RFI for infrastructure managers
The $7.5 billion Employees' Retirement System of Rhode Island (ERSRI) has issued an RFI for infrastructure managers.
Tom Heneghan named CEO of Equity International
Equity International has appointed Tom Heneghan as the new CEO of the firm.
Dundee International REIT acquires German office portfolio
Dundee International REIT will acquire a 1.5 million-square-foot portfolio of office properties in Germany for $568 million.
BPG Properties changes name to Equus Capital Partners
BPG Properties has changed its name to Equus Capital Partners. There will be no other changes in the firm’s operations.
NMERB commits $50 million to real estate fund
The $8.2 billion New Mexico Educational Retirement Board (NMERB) has committed $50 million to Crow Holdings Realty Partners VI.
Texas Teachers makes $15 million real estate commitment
The Teacher Retirement System of Texas has allocated $15 million to TriGate Property Partners II, a commingled fund managed by TriGate Property Partners.
CPPIB and GLP expand Japanese industrial JV to $2.2 billion
The Canada Pension Plan Investment Board (CPPIB) and Singapore-listed logistics real estate developer Global Logistic Properties (GLP) have committed additional of $316 million equity each to their GLP Japan Development Venture.