Institutional Real Estate Newsline
September 10, 2012: Volume 20, Number 35Buy For $65.00 Add to Cart
- SC Capital Partners Holds $530 Million Final Close
Torchlight Investors Raises $273 Million with Fourth Debt Fund
Torchlight Investors, formerly ING Clarion Capital, has raised approximately $300 million in equity commitments in a first close for its fourth fund in the Torchlight Debt Opportunity Fund series, according to a filing with the U.S. Securities and Exchange Commission.
16 Fund Closings in Second Quarter Total Only $7.6 Billion
Fundraising activity in second quarter 2012 produced another lackluster performance as 16 real estate funds announced final closings raising an aggregate of $7.6 billion.
- BNP Paribas Sells London Office for £300 Million
Equity Group Venture Acquires Minnesota Office Park for $286 Million
A joint venture between Equity Group Investments, GEM Realty Capital, and Perennial Investments and Advisors has purchased the 1.7 million-square-foot Normandale Lake Office Park in Bloomington, Minn., from TIAA-CREF.
GLL Partners Pays $121.4 Million for Washington, D.C. Office
Holliday Fenoglio Fowler on behalf of seller Seaton Benkowski & Partners, has sold the leasehold sale of Carroll Square, a 178,000-square-foot, class A office property in the East End submarket of Washington, D.C.
- Goodman Completes $1 Billion Japan Development Partnership
- Lexington Realty Trust Acquires Net Lease Strategic Assets Fund
Almanac Holds Final Close
Almanac Realty Investors, formerly Rothschild Realty, has plans to hold a final close for its value-added fund Almanac Realty Securities VI (ARS VI) on Sept. 30.
- Realty Income Buys American Realty Capital in $1.2 Billion Deal