Institutional Real Estate Newsline
November 7, 2011: Vol. 19, Number 45Buy For $65.00 Add to Cart
Charter Sells Interest in JV with MPG Office Trust
Australia-based Charter Hall Office REIT has reached an agreement with MPG Office Trust to transfer Charter Hall’s interest in its joint venture with MPG to entities affiliated with Beacon Capital Partners.
EIF Closes Latest Fund on $1.713 Billion
Energy Investors Funds (EIF), a private equity fund manager that invests in the energy and electric power sector, has closed its fourth fund, EIF United States Power Fund IV, with $1.713 billion in equity commitments.
Harrison Completes Acquisition of Eight-Property Seniors Housing Portfolio
Harrison Street Real Estate Capital (HSRE), on behalf of its $595 million equity fund Harrison Street Real Estate Partners III, has completed the acquisition of an eight-property seniors housing portfolio for $125 million. The portfolio was sold by E-Quest Management.
JCR Signs $100 Million Separate Account to Make Bridge Loans
A large institutional investor has hired JCR Capital, a Denver-based fund manager, to originate, underwrite and manage commercial real estate bridge loans in a $100 million separate account.
KBS Real Estate Investment Trust III Acquires Las Cimas IV
KBS Real Estate Investment Trust III has acquired Las Cimas IV, a class A 138,008-square-foot office building at Las Cimas office park in southwest Austin.
Virtus Plans to Launch $500 Million Private Equity Real Estate Fund
Virtus Real Estate Capital has plans to launch a $500 million private equity real estate fund this December.