Institutional Real Estate Newsline
May 12, 2008: Vol. 15, No. 18Buy For $65.00 Add to Cart
International Housing Holds First Closing of South African Residential Fund
International Housing Solutions (IHS), an affiliate of Municipal Mortgage & Equity (MuniMae), has raised $175 million in equity commitments at the first closing of South Africa Workforce Housing Fund.
BlackRock Closes Retail Fund with $502.5 Million
BlackRock raised $502.5 million for BlackRock Retail Opportunity Fund LLC, which closed in February.
- CBRE Acquires A JV interest in a Development Project in Tianjin, China
Five Mile Fund Raises $1.53 Billion
Five Mile Capital Partners has closed Five Mile Capital Partners II LP with more than $1.53 billion in equity.
ING Real Estate JV to Develop Mexican Resort
ING Real Estate will partner with Grupo Carrousel and Operadora Punta Maroma to develop a luxury oceanfront resort on Bahia Maroma along Mexico’s Riviera Maya.
ProLogis' Korean Fund Expands Portfolio
The ProLogis Korea Property Fund, which is sponsored by Denver-based ProLogis (NYSE: PLD), has acquired a portfolio of industrial assets in three cities in South Korea, expanding its investment portfolio by 889,000 square feet.
PSERS Invests $825 Million in Real Estate
The $67.4 billion Pennsylvania Public School Employees’ Retirement System (PSERS) has committed a total of up to $825 million to four high-yield real estate funds.
Tennessee Selects Real Estate Consultant
The State of Tennessee Treasury Department, which manages the investments of the $32 billion Tennessee Consolidated Retirement System (TCRS), has rehired its current real estate consultant, The Townsend Group.
UDR Inc. Breaks Ground on a Billion-Dollar Mixed-Use Development in Dallas
UDR Inc. has broken ground on a billion-dollar mixed-use development in suburban Dallas.
Western National Fund Completes First Close with $200 Million
Western National Group has held the first closing of Western National Realty Fund II, raising $200 million in equity commitments.
Williams Realty Closes Development Fund with $104 Million
Williams Realty Advisors has closed Williams Opportunity Fund, a real estate development fund, with $104 million in equity, along with co-investments from sidecar investors.