Capital Raising News – Page 196
-
News
Mass PRIM hires global REIT managers
UNITED STATES - Massachusetts Pension Reserves Investment Management Board has selected European Investors and RREEF manage global REIT mandates with initial investment of $100m (€68.9m).
-
News
Oregon PERF investment sees new forays
UNITED STATES - Oregon Public Employees Retirement Fund has agreed to invest $150m (€102.6m) into commingled funds focused on Asia and urban strategies.
-
News
CalSTRS and Waterson seek apartment viewings
UNITED STATES - California State Teachers Retirement System and Waterton Associates have created a new apartment investment fund, to tap into what they anticipate will be a shift in the sector.
-
News
Illinois Teachers allocates office space
UNITED STATES - Teacher Retirement System of the State of Illinois has approved two real estate investments totaling $187.5m (€127.4m) which contribute to the acquisition of office space.
-
News
Entity level investing attracts more pension fund capital
UNITED STATES – US pension funds are showing increased interest in moving capital to commingled funds that make entity-level investments, as two major funds have invested in funds holding direct property.
-
News
Real estate sought through IPE-Quest mandate
SWITZERLAND – A search has been launched for an investment manager to look after a €10m European real estate mandate, using IPE Quest.
-
News
Henderson shorts inside global real estate
EUROPE - Henderson Global Investors has launched a property equities fund with the capability to take long and short positions on real estate listed stocks.
-
News
Smaller schemes opt for Asian fund-of-funds
EUROPE - The European Association for Investors in Non-Listed Real Estate Vehicles (INREV) has launched a directory of 36 unlisted funds of property funds to meet demand from smaller pension funds and niche-hungry major funds.
-
News
NYSTRS turns $525m to non-core investing
UNITED STATES - New York State Teachers Retirement System is looking at investing up to $525m (€356m) in non-core real state through commingled funds and a separate account.
-
News
MacFarlane raises $1bn for urban investment
UNITED STATES - MacFarlane Partners has raised $1bn (€683.6m) for Urban Real Estate Fund II, making this one of the largest urban commingled funds ever to be created in the United States.
-
News
Ohio School Employees places capital into non-core property
UNITED STATES - School Employees Retirement System of Ohio has approved commitments totaling $100m (€67.2m) into two non-core commingled funds, as its investment strategy for 2008 is to ignore the core real estate market.
-
News
Duopoly to define logistics fund market
EUROPE - The European logistics market will diverge into ‘blockbuster’ and ‘niche’ funds, with specialist nous and tenant relationships determining asset managers’ survival in a shaken-out market, claims Peter Davies, fund director of the Goodman European Logistics Fund (GELF).
-
News
Reits design described as “wrong”
GLOBAL - European Reits are being formulated to appeal to the “wrong audience”, according to Europroperty Consulting.
-
News
Washington State ups real estate allocation
UNITED STATES - Washington State Investment Board has decided to boost its real estate allocation from 12% to 13%.
-
News
Texas Teachers invest in land banking
UNITED STATES - Teacher Retirement System of Texas has approved a commitment of $150m ($101.4m euros) into the Stratford Land Fund III commingled fund, as there is now less appetite for building physical developments.
-
News
Apartments hit most by market shift – Pramerica
UNITED STATES - Pramerica Real Estate Investors is predicting the apartment market will be the most affected of all major property types by the recent changes in the residential housing and credit markets.
-
News
US pensions shift further into structured finance
UNITED STATES – Increased pension fund capital in the United States is expected to flow into structured finance over the coming months, following moves by two schemes to invest in the sector.
-
News
Fitch rethinks property fund managers
GLOBAL - Ratings agency Fitch has claimed its revamped rating system for real estate asset managers would better reflect not only the proliferation of specialist and niche funds but also the increased sophistication of investment mandates.
-
News
NY State Teachers to pull out of two core funds
UNITED STATES - New York State Teachers Retirement System is thinking of withdrawing $225m (€153m) from two US core open-ended commingled funds.
-
News
Pennsylvania State signs to $1bn Mexico fund
UNITED STATES - Pennsylvania State Employees Retirement System is thinking of making a commitment to a $1bn (€681.3m) Latin America residential fund being launched by Pramerica Real Estate Investors.