Institutional Real Estate Newsline
June 7, 2013: Vol. 21 No. 23Buy For $65.00 Add to Cart
Recent commercial real estate transactions
The largest completed transactions included office properties in New York City and Seattle.
CCCERA invests $60 million in two real estate funds
The $5.95 billion Contra Costa County (Calif.) Employees Retirement Association (CCCERA) has invested in two new real estate funds from existing managers Long Wharf and Invesco Real Estate.
Rockwood raises $511 million for ninth fund
Rockwood Capital has raised approximately $511 million for its Rockwood Capital Real Estate Partners Fund IX.
Sovereign wealth funds in the Middle East shift attention to regional investments
With $5.3 trillion in aggregate assets under management, global sovereign wealth funds are introducing huge amounts of capital in the international investment universe.
CIM Group raises $450 million for seventh fund
CIM Group has raised $450.1 million for its CIM Fund VIII.
CalSTRS invests $200 million in real estate
The $167.2 billion California State Teachers' Retirement System (CalSTRS) committed $200 million to two noncore real estate ventures during the first quarter 2013.
RockBridge raises $101 million for sixth fund
RockBridge Capital has raised $101 million for its sixth fund, RockBridge Hospitality Fund VI.
Kentucky commits to two real estate funds
The $11.4 billion Kentucky Retirement Systems has committed $67 million to two real estate funds.
MAA and Colonial Properties Trust to merge in $8.6 billion transaction
MAA and Colonial Properties Trust have entered into a definitive merger agreement under which the two firms will merge, creating a Sunbelt-focused, publicly traded multifamily REIT.
Blackstone extends final close for debt fund
The Blackstone Group has extended its final close for its Blackstone Real Estate Debt Strategies II.
QIC enters retail joint venture with Forest City
QIC Global Real Estate has entered an agreement with Forest City Enterprises to form a joint venture in a real estate portfolio comprising eight U.S. regional retail malls currently owned by Forest City.
Aberdeen extends final close for Asia-focused fund of funds
London-based investment manager Aberdeen Asset Management has extended the final close date for Aberdeen Asia III Property Fund of Funds.
Simon Property invests $569 million in European designer outlets
Simon Property Group and McArthurGlen Group have formed a joint venture through which Simon will invest in McArthurGlen.
IMRF commits up to $200 million in Blackstone funds
The $30 billion Illinois Municipal Retirement Fund (IMRF) has committed approximately $200 million to two real estate funds sponsored by The Blackstone Group.
GE Capital sells North American portfolios for $1.4 billion
GE Capital will sell off some U.S. real estate assets and its Canadian vehicle leasing business, as part of parent General Electric Co.’s efforts to reduce the size of the financial unit.