Institutional Real Estate Newsline
January 11, 2013: Volume 21, Number 2Buy For $65.00 Add to Cart
Florida commits $400 million to real estate and infrastructure
The $157 billion Florida State Board of Administration has committed $400 million to real estate and infrastructure.
Cerberus Capital buys 877 supermarkets in $3.3 billion deal
Cerberus Capital Management has agreed to buy five supermarket chains in a $3.3 billion deal. The seller is Supervalu.
Stonebridge Financial holds final close for first fund
Toronto-based Stonebridge Financial Corp. has held a final close for its first infrastructure debt fund.
Covenant Capital closes apartment fund
Covenant Capital Group has held a final close for its Covenant Apartment Fund VII.
North Carolina Retirement invests $670 million in real estate
The $74.5 billion North Carolina Retirement Systems has committed $670 million to four separate real estate funds.
Madison International raises $137.7 million for fifth fund
Madison International Realty has raised approximately $137.5 million for its Madison International Real Estate Liquidity Fund V.
REVCAP extends final close date for European property fund
Real Estate Venture Capital Management (REVCAP), an independent real estate adviser based in London, has extended its final close date for its Kitty Hawk Capital Partners II (KHCP II) to April 19, 2013.
LACERA commits $100 million and issues RFP
The $39.2 billion Los Angeles County Employees Retirement Association approved a $100 million commitment at its Jan. 9 meeting.
REITs post impressive returns in 2012
Despite economic uncertainties, REITs recorded a strong return of 19.7 percent in 2012, making it the fourth consecutive year that equity REITs have outperformed other asset classes, according to the FTSE NAREIT Equity REIT Index.
Fiera Axium raises $202 million for infrastructure fund
Canadian management firm Fiera Axium has raised $202 million for its open-end infrastructure fund, Fiera Axium Infrastructure North America.
RREEF receives approval for $2.5 billion REIT plan
The Securities and Exchange Commission has approved RREEF Property Trust's registration statement pertaining to its public offering of up to $2.5 billion in shares of common stock.
Prologis establishes REIT in Japan
Prologis has announced it will be the sole sponsor of Nippon Prologis REIT, a Japanese real estate investment trust.
Equity Residential to sell $1.5 billion in assets
Equity Residential has agreed to sell a portfolio of assets to a joint venture of Goldman, Sachs & Co. and Greystar Real Estate Partners for $1.5 billion.
Canadian REIT acquires $633 million of U.S. multifamily assets
Morguard North American Residential Real Estate Investment Trust has finalized two separate agreements to acquire a total of 6,474 multifamily residential units in the United States for $633 million.
Wereldhave sells entire U.S. portfolio for $720 million
Lone Star Funds and Wereldhave have reached an agreement on the purchase and sale of Wereldhave's portfolio in the United States. The purchase price amounts to $720 million.