Institutional Real Estate Newsline
May 14, 2012: Vol. 20, Number 19Buy For $65.00 Add to Cart
17 Funds Reach Final Close During First Quarter 2012
Fundraising activity continued at a sluggish pace during first quarter 2012. During the first three months of the year, 17 real estate funds announced final closings, with an aggregate equity haul of $9.7 billion, according to Institutional Real Estate FundTracker.
Apollo Management Exceeds $650 Million Target Goal
Apollo Global Management has held a final close for its AGRE U.S. Real Estate Fund. The close was held in April, and the closed-end fund exceeded its fundraising goal of $650 million with $713 million raised in equity commitments.
Connecticut Plan Approves Real Estate Consultant RFP
The $24.7 billion State of Connecticut Retirement Plans and Trust Fund (CRPTF) approved an RFP for a real estate portfolio consultant at its May 9 meeting.
- Harvest Properties and Invesco Buy Historic San Francisco Office Property
KBS Legacy Partners Apartment REIT Purchases Crescent Park
KBS Legacy Partners Apartment REIT has purchased Crescent Park, a class A apartment community in Greer, S.C., a submarket of Greenville-Spartanburg,
Niam Surpasses Fundraising Goal for Fifth Fund in Series
Swedish real estate private equity firm Niam AB completed the final close for its fifth opportunistic property fund, Niam Nordic V, with €719 million ($932 million) in total equity commitments.