Institutional Real Estate Newsline
March 16, 2009: Vol. 16, Number 11Buy For $65.00 Add to Cart
NYCRF Invests $300 Million in Real Estate Fund
The $138.4 billion New York State Common Retirement Fund (NYCRF) has committed $300 million to Lake Montauk Real Estate Fund, a captive fund of funds targeting real estate opportunity funds.
F&C, AREA Property Acquire Dawnay Day U.K. Portfolio
F&C REIT Asset Management and AREA Property Partners have formed a joint venture to complete the acquisition of the 3.4 million-square-foot Dawnay Day portfolio in the United Kingdom for $832 million.