Institutional Real Estate Newsline
September 3, 2012: Volume 20, Number 34Buy For $65.00 Add to Cart
- Regional Investment and Real Estate Capital Launch $200 Million Development Fund
- Royal Senior Care Sells Majority of its Senior Housing Facilities
Tishman Speyer Exceeds $400 Million Fundraising Goal
Tishman Speyer held a final close for its opportunistic fund Tishman Speyer Brazil Fund III and a related feeder fund, Tishman Speyer Brazil Feeder III, according to a filing with the U.S. Securities and Exchange Commission.
Townsend Group Holds $87 Million First Close for Multi-Strategy Fund
The Townsend Group held a first close on Aug. 15 for its Townsend Real Estate Alpha Fund I, raising approximately $87 million in equity commitments, according to a filing with the U.S. Securities and Exchange Commission.
Transwestern Holds First Close for Landmark International Equity Fund
Transwestern Investment Management has held a $70 million first close for its Diversified International Partners, a private equity real estate fund developed primarily for Latin American institutional and qualified high-net-worth investors.
Acadia Realty Trust Closes Fourth Fund with $541 Million
Acadia Realty Trust (NYSE: AKR) has held a final close for its Acadia Strategic Opportunity Fund IV.
Almanac Realty Schedules Upcoming Final Close
Almanac Realty Investors, formerly Rothschild Realty, has plans to hold a final close for its value-added fund Almanac Realty Securities VI.
CBRE Global Investors Acquires One O'Hare Center
CBRE Global Investors has acquired One O’Hare Center, a 380,360-square-foot trophy-quality office building that is 89 percent leased to high-quality tenants in suburban Chicago.
- Goodman and CPPIB Increase Commitment to China Partnership to $1 Billion
Griffin-American Healthcare Buys Senior Properties for $103 Million
American Healthcare Investors and Griffin Capital Corp., the co-sponsors of Griffin-American Healthcare REIT II, has paid $103 million for the 13-building portfolio known as the Pacific Northwest Senior Care Portfolio, as well as an additional seven medical office buildings located in Illinois, Texas, Tennessee and Georgia.
Illinois Retirement System Plans to Issue RFP
The $37.3 billion Teachers’ Retirement System of the State of Illinois (TRS) has plans to issue an RFP for real estate appraisal services.
INREV, ANREV and NCREIF to Create a New Global Fund Index
INREV and ANREV — the European and Asian Associations for Investors in Non-listed Real Estate — and the National Council of Real Estate Investment Fiduciaries (NCREIF) have agreed to cooperate to create a new Global Fund Index.
Prudential Real Estate Investors Holds $250 Million First Close
Prudential Real Estate Investors held a first close on Aug. 15 for its Prudential U.S. Real Estate Debt Fund, raising approximately $250 million in equity commitments, according to a filing with the U.S. Securities and Exchange Commission.