Institutional Real Estate Newsline
August 25, 2008: Vol. 15, No. 32Buy For $65.00 Add to Cart
Apollo Raises Additional Capital for AREFIN Debt Fund
Apollo Real Estate Advisors has raised additional capital for its debt investment fund, Apollo Real Estate Finance Corp. (AREFIN).
CalPERS Adopts Infrastructure Investment Policy
The $234 billion California Public Employees’ Retirement System (CalPERS) has adopted an investment policy to guide its investments in infrastructure including transportation, ports, energy, water and communications projects.
Japanese Commercial Property Market Continues to Slow Down
The Japanese commercial real estate market continues to cool off, according to IPD’s Japan Monthly Indicator results for April 2008.
Lowe Invests in Beverly Hills Hotel Development
Lowe Structured Investment Fund, which is managed by Los Angeles–based Lowe Enterprises Investors (LEI), has provided $33 million of preferred equity to SBE, also based in Los Angeles, for the redevelopment of a 297-room luxury hotel in Beverly Hills, Calif.
Mosaic Property Launches Central and Eastern European Real Estate Fund
London-based Mosaic Property has launched Mosaic Property CEE 2 LP, a multi-sector real estate fund targeting Central and Eastern European countries, with a focus on Poland, Hungary and the Czech Republic.
N3 Capital Partners Changes Name to Pennybacker Capital
N3 Capital Partners, a Texas-based real estate private equity firm, has changed its name to Pennybacker Capital.
Parmenter Realty Launches Fund IV
Parmenter Realty Partners has begun the marketing of Parmenter Realty Fund IV. Fund IV is targeting $500 million in equity commitments.
CalPERS Searches for a New CIO
The California Public Employees’ Retirement System (CalPERS) has begun a formal search for a new CIO to oversee the $234 billion pension fund, direct a staff of more than 200 professional managers and work with the CalPERS board to maximize returns for its members and employers.