Institutional Real Estate Newsline
March 22, 2013: Vol. 21 No. 12Buy For $65.00 Add to Cart
Illinois SURS commits $300 million to two core open-end funds
The State Universities Retirement System of Illinois (SURS) board of trustees has approved the selection of core real estate managers J.P. Morgan and Heitman.
Lone Star raises $333.4 million for distressed debt fund
Dallas-based Lone Star Funds has raised $333.4 million for its recently launched Lone Star Partners VIII, according to a filing with the Securities and Exchange Commission.
PSERS commits $150 million to value-added funds
The $49.7 billion Pennsylvania Public School Employees Retirement System (PSERS) has committed $75 million each to two separate value-added real estate funds.
CalPERS invests $250 million in industrial partnership
The $255 billion California Public Employees' Retirement System (CalPERS) has committed $250 million into the Institutional Logistics Partners partnership.
GTIS Partners raises $155.3 million for residential fund
GTIS Partners has raised $155.3 million for its GTIS U.S. Residential Strategies Parallel Fund.
Sares-Regis Group reaches $100 million target for multifamily fund
The Irvine, Calif.-based Sares-Regis Group has held the final close for the Sares-Regis Multifamily Fund.
Texas ERS commits $227 million to real estate investments
The $23.6 billion Employees Retirement System of Texas (ERS) has committed $205 million to three real estate funds and $22 million through its emerging manager program.
Velocis nears March 29 final close
Dallas-based firm Velocis Partners plans to hold a final close for its debut core-plus Velocis Fund on March 29.
Bridge Investment Group Partners raises $322 million for second fund
Bridge Investment Group Partners has raised $322 million for its Real Estate Opportunity Capital Fund II.
Hawkeye Partners raises $227.5 million for Scout II fund
Texas-based Hawkeye Partners has raised $227.5 million from domestic investors for its second fund, Scout II.
Liang resigns as PREI research managing director
Youguo Liang has resigned as managing director of research at Prudential Real Estate Investors.
Rockpoint holds $1.95 billion final close for opportunistic fund
Rockpoint Group has held a $1.95 billion final close for its Rockpoint Real Estate Fund IV.
Paladin Realty makes first investment for fourth fund
Paladin Realty Partners has announced the formation of a new programmatic joint venture with YOU Inc. Incorporadora e Participacoes S.A. to develop middle-income housing in Sao Paulo, Brazil.
Mack-Cali enters D.C. multifamily market
Mack-Cali Realty Corp. has entered the metropolitan Washington, D.C., market with a $262.5 million acquisition of an 828-unit apartment property in the Crystal City submarket of Arlington, Va.
Ivanhoe Cambridge buys California offices for $400 million
Ivanhoe Cambridge has acquired 73 office buildings in Northern California’s Silicon Valley region through its partnership with affiliates of TPG and DivcoWest.