Institutional Real Estate Newsline
July 21, 2008: Vol. 15, No. 27Buy For $65.00 Add to Cart
Boston Capital Closes Tax Credit Fund with $150 Million
Boston Capital has closed Boston Capital Tax Credit Fund XXX, a nationally diversified portfolio of 27 affordable apartment properties in 15 states, with a total equity raise of $150 million.
Capital Trust Closes CT Opportunity Partners I
New York City–based Capital Trust (NYSE: CT) has closed CT Opportunity Partners I with total equity commitments of $540 million, including a $25 million commitment from Capital Trust.
Global Infrastructure Indexes Launched
Global index provider Dow Jones Indexes and Brookfield Asset Management, global asset management firms focused on property, power and infrastructure assets, have launched the Dow Jones Brookfield Infrastructure Indexes, a global index series designed to serve as benchmarks of companies that are owners and operators of key infrastructure assets such as toll roads, pipelines and ports.
NYCBERS to Allocate $130 Million to Real Estate
The $112 New York City Office of the Comptroller, on behalf of the New York City Board of Education Retirement System (NYCBERS), intends to allocate approximately $130 million to private equity real estate investments.
- Pennsylvania SERS Commits $15 Million in Real Estate
Rothschild Realty Managers Raises $840 Million
Rothschild Realty Managers has closed Five Arrows Realty Securities V LP (FARS V) with $840 million in committed equity.
SBCERA Invests in High-Yield Debt
The $6.3 billion San Bernardino County (Calif.) Employees’ Retirement Association (SBCERA) has invested a total of $95 million in four high-yield debt products.
Valad Property Group Holds First Closing with €196 Million
Sydney, Australia–based Valad Property Group has held the first closing of its new industrial fund in France, known as Parc d’Activités, with €196 million ($311 million).