Institutional Real Estate Newsline
June 28, 2013: Vol. 21 No. 26Buy For $65.00 Add to Cart
Recent commercial real estate transactions
The largest completed transactions included a South Florida apartment complex and an office property in Atlanta.
Almanac Realty invests $100 million with hotel finance firm
The $2.5 billion Almanac Realty Investors has committed $100 million to recently formed Shaner Hospitality Finance, a company managed by Shaner Hotel Group.
Oregon PERF commits $200 million to Amstar venture
The $58.8 billion Oregon Public Employees Retirement Fund (OPERF) has committed $200 million to a value-added separate account with Amstar Advisers.
Stonepeak exceeds $1 billion fundraising goal
Stonepeak Infrastructure Partners has raised approximately $1.2 billion in equity commitments for its debut Stonepeak Infrastructure Fund.
PCCP raises $209 million for its sixth fund
PCCP has raised $209 million for its PCCP Equity VI, according to a filing with the Securities and Exchange Commission.
Apartment fund holds $357 million final close
San Francisco-based FPA Multifamily has surpassed its equity target and raised $357 million for its fourth fund, FPA Apartment Opportunity Fund IV.
Deutsche, LBO France to sell €1 billion property portfolio
Deutsche Asset & Wealth Management, formerly RREEF Real Estate, and LBO France have agreed to sell Financiere SELEC.
Related and Highbridge form $800 million JV
Related Cos. and Highbridge Principal Strategies have formed an $800 million joint venture that will manage a new real estate credit investment platform.
Carroll buys South Florida apartment property for $225 million
The Carroll Organization has paid $225 million for The Resort at Pembroke Pines, a 1,520-unit garden-style multifamily property in Pembroke Pines, Fla.
AXA Real Estate purchases Spanish office portfolio
AXA Real Estate Investment Managers has agreed to acquire a portfolio of up to 13 government-let office buildings in Barcelona, Spain.
TriGate Capital holds final close for TriGate Property Partners II
Dallas-based firm TriGate Capital will hold the final close for its opportunistic fund, TriGate Property Partners II, sometime this week.
Crow Holdings nears final close
Crow Holdings Capital Partners is approaching a scheduled final close date for its Crow Holdings Realty Partners VI.
Kimco increases stake in shopping center JV
Kimco Realty Corp. has increased its ownership interest in its joint venture with UBS to 33 percent from its previous 18 percent interest.
Segro plans European warehouse joint venture
Segro, a European industrial property owner, is in talks with one of Canada’s biggest pension funds to form a joint venture comprising most of its warehouses in continental Europe.
TIAA-CREF and Henderson create $19 billion investment manager
TIAA-CREF and Henderson Global Investors have launched a new global real estate investment management company, TIAA Henderson Global Real Estate.