Institutional Real Estate Newsline
September 8, 2008: Vol. 15, No. 34Buy For $65.00 Add to Cart
AvalonBay Closes Second Multifamily Fund with $333 Million
AvalonBay Communities (NYSE: AVB) has closed AvalonBay Value Added Fund II with $333 million in equity commitments, including a $150 million equity commitment from AvalonBay.
- Health Care REIT to Buy Stake in Senior Housing Portfolio
Henderson Closes U.K. Fund Targeting Outlet Malls
Henderson Global Investors has held the final closing of UK Outlet Mall Fund (UKOMF) with £181 million in equity.
LaSalle Closes Asian Property Fund with $3 Billion
LaSalle Investment Management has held the final closing of LaSalle Asia Opportunity Fund III with $3 billion in equity.
STAG Capital Launches Single-Tenant Fund
Boston-based STAG Capital Partners has launched STAG Investment V LP, which is seeking to raise $400 million in equity to acquire higher-yielding single-tenant industrial properties in the United States.
- URDANG, ConAm JV Buys Sacramento Area Multifamily Asset