Institutional Real Estate Newsline
March 17, 2008: Vol. 15, No. 11Buy For $65.00 Add to Cart
- Harvard Business School Holds New Real Estate Education Program in India
LACERA Selects Manager, Commits to Cornerstone
The board of investments for the $41 billion Los Angeles County Employees Retirement Association (LACERA) has selected European Investors to manage a $100 million separate account to invest in international real estate securities.
Orchard Street, GIC Form U.K. Real Estate Venture
London-based Orchard Street Investment Management and an affiliate of GIC Real Estate, the property investment arm of the Government of Singapore Investment Corp., have formed Special Situations Commercial Property Fund, a £300 million ($606 million) joint venture vehicle to invest across commercial property types throughout the United Kingdom.
Pennsylvania SERS Invests $100 Million in Real Estate
The board of the $35 billion Pennsylvania State Employees’ Retirement System (SERS) has approved a commitment of up $75 million to Oculus Small Cap Real Estate Fund I, a high-return fund sponsored by Clerestory Capital Partners, a real estate fund of funds manager.
PSERS Commits $532 Million to Real Estate
The $67.4 billion Pennsylvania Public School Employees’ Retirement System (PSERS) has committed a total of up to $532 million to three real estate funds.
URDANG Raises $463 Million for Second Value-Added Fund
URDANG has closed Urdang Value-Added Fund II LP (UVAF II) with $463 million in equity.