Institutional Real Estate Newsline
January 25, 2013: Volume 21, Number 4Buy For $65.00 Add to Cart
Colony American Homes nears final close
Santa Monica, Calif.–based investment firm Colony Capital is expected to close its single-family residential investment fund, Colony American Homes, by the end of the week.
Pearlmark Real Estate launches debt fund
Pearlmark Real Estate Partners has launched its fourth debt fund.
Macquarie Group launches third infrastructure fund in a series
Australia-based Macquarie Group has launched its third fund in an infrastructure series.
New Jersey could sell $1 billion in real estate fund investments
The $70.8 billion New Jersey Division of Investment may sell its interests in about 20 real estate funds, totaling more than $1 billion. The institutional investor has approximately $3.5 billion invested in real estate.
KPERS invests $90 million in infrastructure and real estate funds
The $13.6 billion Kansas Public Employees Retirement System (KPERS) has committed $90 million to two funds.
Starwood Property Trust and Starwood Capital Group to acquire LNR Property
Starwood Property Trust and Starwood Capital Group, on behalf of Starwood Distressed Opportunity Fund IX, have entered into a definitive agreement to acquire LNR Property for a total purchase price of $1.05 billion in cash.
Rockspring acquires French warehouse for €78 million
Rockspring Property Investment Managers has acquired the Paris Oise Logistics Park, located in Longueil Sainte Marie to the North of Paris, for its TransEuropean Property Limited Partnership V fund.
EQT Infrastructure closes second fund
EQT Infrastructure has closed its second fund, EQT Infrastructure II, with $2.6 billion in equity commitments. EQT Infrastructure II will target existing infrastructure companies in Europe and North America.
ARC pays $112 million for New York City office building
American Realty Capital New York Recovery REIT (ARC) has entered into a purchase and sale agreement to acquire the fee simple interest in an office building at 218 W. 18th St. in the Chelsea submarket of New York City.
William Krauch joins executive management team of Bentall Kennedy
William Krauch has joined Bentall Kennedy as senior adviser, investor relations and product development.
Spirit Realty to merge with Cole Credit Property Trust II
Spirit Realty Capital and Cole Credit Property Trust II have announced a merger that would create what is expected to be the second-largest publicly traded triple-net lease REIT in the United States.
U.S. farmland sector has strong return in fourth quarter
During fourth quarter 2012, U.S. farmland had a strong rate of return, exceeding its income return from fourth quarter 2011, according to the NCREIF Farmland Index, released by the National Council of Real Estate Investment Fiduciaries.
Parmenter Realty Partners buys first asset in the Washington, D.C., area
Parmenter Realty Partners has announced the acquisition of 460 Herndon Parkway, a 205,074-square-foot office building situated on approximately 10 acres of land in Herndon, Va.
ST Residential to sell $1 billion U.S. multifamily portfolio
ST Residential, a manager of properties owned by a public-private partnership between the FDIC and a group of leading U.S. private real estate investors, has listed a 13-property multifamily portfolio with an estimated value of nearly $1 billion