Institutional Real Estate Newsline
October 8, 2012: Volume 20, Number 39Buy For $65.00 Add to Cart
USAA Real Estate Aims to Raise $2 Billion for Government Fund
USAA Real Estate Co.— a subsidiary of USAA, a financial services company serving military families with $138 billion of assets under management — has launched the U.S. Government Building Open-End Fund.
Starwood Sells Manhattan Hotel for $275 Million
Starwood Hotels & Resorts Worldwide (NYSE: HOT) has completed the sale of the 665-room Manhattan at Times Square Hotel in New York City.
Ohio Workers Invests $950 Million in Real Estate
The $21 billion Ohio Bureau of Workers’ Compensation (BWC) has completed its search for core open-end commingled real estate fund investments.
- Oaktree, Hines Venture Acquires Las Vegas Office Portfolio
Oaktree Capital Holds $4.9 Billion Final Close
Oaktree Capital Management has held a $4.9 billion final close for its distressed debt fund, Oaktree Opportunities Fund IX.
Illinois SURS Issues Real Estate Manager RFP
The $13.6 billion State Universities Retirement System of Illinois (SURS) has issued an RFP for one or more managers to invest $100 million to $150 million in core real estate.
Founders Properties Raises $20 Million for Office Industrial Fund
Founders Properties, a Minnetonka, Minn.–based investment manager, has raised $20 million for its Founders Properties Income Fund II.
Blackstone Launches Debt Fund
The Blackstone Group has launched its latest real estate debt strategy fund, Blackstone Real Estate Debt Strategies II (BREDS II).
AXA Real Estate Raises €1.4 Billion for Debt Platform
AXA Real Estate Investment Managers has completed a new round of fundraising to bring its total commercial real estate debt program to €7 billion ($9 billion) by the end of 2012.
- Artemis Real Estate and N.Y. Common Hire First Real Estate Emerging Manager