Institutional Real Estate Newsline
February 25, 2008: Vol. 15, No. 8Buy For $65.00 Add to Cart
CalPERS Adopts Policies for New Inflation-Linked Asset Class
The $245 billion California Public Employees’ Retirement System (CalPERS) has adopted policies for investments in commodities, forestland and inflation-linked bonds — three components of its new inflation-linked asset class (ILAC); infrastructure is the fourth component.
Archstone-Smith Changes Name and Corporate Identity to Archstone
Archstone-Smith, a privately held apartment company, has changed its name and corporate identity to Archstone in order to demonstrate that the firm has a single brand and strategy.
European Fund of Funds Completes Second Close
Schroder Property Investment Management Ltd.’s Continental European Fund II (CEF II) has completed a second closing.
Hancock Timber to Buy TimberStar Southwest JV for $1.7 Billion
An affiliate of Boston-based Hancock Timber Resource Group has agreed to buy TimberStar Southwest, a joint venture between iStar Financial’s subsidiary, TimberStar, and equity investors MSD Capital, York Capital Management and Perry Capital.
- Interstate Hotels, JHM Hotels Form Indian Hotel JV
Sponda to Establish New Industrial Fund
Helsinki-based Sponda plans to launch a new fund, Sponda Real Estate Fund II Ky, to invest primarily in logistics, warehouse and industrial properties in medium-sized towns in Finland.