Institutional Real Estate Newsline
September 6, 2010: Vol. 18, Number 34Buy For $65.00 Add to Cart
BRE Makes Two California Investments Totaling $185 Million
BRE Properties(NYSE: BRE) has made two multifamily property investments, located in California, totaling $185 million.
Commercial Real Estate Loan Values Rise
The aggregate value of commercial real estate (CRE) loans priced by DebtXincreased to 79.4 percent as of July 30, up compared to the previous year’s 71.1 percent.
Darby Invests in Mexican Housing Fund
Darby Overseas Investments Ltd., the private equity arm of Franklin Templeton Investments, announced its second financial services fund, Darby-ProBanco Fund II LP, will invest in Controladora Vertice S.A. de C.V.
- Five Mile Capital Partners Commits to Invest In Innkeepers USA Trust
Grubb & Ellis Buys Nine Apartment Properties for $182 Million
Grubb & Ellis Co., on behalf of Grubb & Ellis Apartment REIT, agreed to pay $182 million for nine multifamily properties totaling 2,676 units in North Carolina, Tennessee and Texas.
JER Sells Stake in Immobel
JER Partners has entered a binding agreement with Eastbridge SARL, a privately held company based in Luxembourg, for the sale of a 25 percent shareholding in Immobel SA, a real estate developer based in Belgium.
LaSalle Buys Three Hotels for $292.5 Million
LaSalle Hotel Properties (NYSE: LHO) has acquired three hotels in transactions totaling $292.5 million.
- MGPA Buys 140 Aldi Stores in Germany
PSERS Reports Positive Investment Performance
The $51 billion Public School Employees Retirement System (PSERS) posted a positive return of 14.59 percent for the fiscal year ended June 30, 2010.
- Simon Adds Outlet Centers to Its Portfolio