Institutional Real Estate Newsline
March 14, 2011: Vol. 19, Number 11Buy For $65.00 Add to Cart
AREA Forms Strategic Partnership with National Australia Bank
AREA Property Partners, a New York–based real estate investor and fund manager, has formed a strategic partnership with National Australia Bank (NAB), an international financial services organization and one of Australia’s largest listed institutions.
Bouwfonds Launches Second European Parking Fund
Bouwfonds Real Estate Investment Management intends to launch a second European parking fund, Bouwfonds European Real Estate Parking Fund II, in first quarter 2011.
Dune and Pantzer Buy Multifamily Portfolio for $460 Million
Dune Real Estate Partners and Pantzer Properties have closed the $460 million acquisition of an eight-property multifamily real estate portfolio in suburban Washington, D.C.
- Dutch Pension Fund Awards Real Estate Mandate to Aviva Investors
European Institutional Investor Awards
LaSalle Investment Management has secured €800 million ($1.1 billion) of new capital in a new core-plus real estate separate account from an unnamed European institutional investor.
LACERA Hires Managers for Debt Separate Accounts
The board of the $39 billion Los Angeles County Employees Retirement Association (LACERA) has selected Quadrant Real Estate Advisors and Cornerstone Real Estate Advisers to execute a debt mandate.
Pennsylvania SERS Commits $15 Million to BPG Fund
The $24 billion Pennsylvania State Employees’ Retirement System (SERS) has made a commitment of $15 million to BPG Investment Partnership IX, one of BPG Properties’ discretionary private equity funds.
Senior Housing Properties Trust Acquires Portfolio for $304 Million
Senior Housing Properties Trust (NYSE: SNH) has agreed to acquire 20 senior living communities for approximately $304 million.