Institutional Real Estate Newsline
January 21, 2008: Vol. 15, No. 3Buy For $65.00 Add to Cart
American Realty Launches Open-End Value-Added Fund
American Realty Advisors has launched American Strategic Value Realty Fund LP.
European Fund Reopens to Investors
European Property Growth Fund (EPGF) has reopened to investors following the full investment of its second tranche of equity.
- Grosvenor, Rockwood Capital Form $300 Million Multifamily JV
Indiana Selects Real Estate Managers, Commits $375 Million
The $17.1 billion Indiana Public Employees’ Retirement Fund (PERF) has selected two core, open-end real estate funds for a commitment of up to $100 million each: Morgan Stanley Real Estate’s Prime Property Fund and Prudential Real Estate Investors’ PRISA I. Both funds will invest across property types in the United States.
ING Real Estate Acquires French Property Developer Geo-de
ING Real Estate has acquired French property developer Geo-de. Geo-de is active in the Lyon region of France and develops residential, office and retail projects.
- New Jersey Invests $100 Million in Core Real Estate
ProLogis Starts New Sustainablity Initiative
ProLogis has started a new sustainability initiative requiring all of its new development in the United States to comply with environmental standards developed by the U.S. Green Building Council (USGBC), a building industry nonprofit group that promotes sustainable development.
RLJ Closes Hotel Fund with $1.2 Billion
RLJ Development, a subsidiary of the RLJ Cos., has completed the final closing of its third private equity real estate fund, RLJ Real Estate Fund III LP, with $1.2 billion in equity.
- RREEF Launches Real Estate Securities Funds in Hong Kong
USAA Closes Industrial Fund with $450 Million
USAA Real Estate Co. has closed U.S. Industrial REIT II with $450 million in equity commitments from 10 institutional investors including domestic pension funds, insurance companies and other fund investors.