Institutional Real Estate Newsline
September 13, 2010: Vol. 18, Number 35Buy For $65.00 Add to Cart
- Grubb & Ellis Co. Forms an alliance with Kettler Inc.
- Health Care REIT Forms Partnership with Merrill Gardens
Invesco Holds First Close of U.K. Fund
Invesco Real Estate has held a first close of its third tactical U.K. property fund, which raised €75 million ($95.4 million) from four German institutional investors.
- Kennedy Wilson and Fairfax Financial Establish Partnership
LACERA Issues Debt Manager RFI
The $33 billion Los Angeles County Employees Retirement Association (LACERA) has released a Request for Information (RFI) to managers that would execute a strategy of investing in subordinated debt, which will be secured by real estate.
Nebraska Commits $56.5 Million to Core Property
The $7.5 billion Nebraska Investment Council (NIC) has made a $50 million commitment into the Cornerstone Patriot Fund (CPF), an open-end core property fund managed by Cornerstone Real Estate Advisers.
Pacific Star, SEB Sell Shanghai Office Tower to Ascendas
Singapore-based Pacific Star Group and Germany-based SEB Asset Management have sold Cross Tower in Shanghai to a fund managed by Ascendas Investment Holdings, a Singapore-based real estate firm. A price was not disclosed.
UDR to Buy Five Operating Communities and One Pre-Sale Venture
UDR Inc. (NYSE: UDR), a multifamily REIT, plans to acquire five operating communities and one pre-sale venture for $455.1 million. The properties are located in California, Maryland and Massachusetts.