All articles by Jon Peterson – Page 28

  • News

    ING Clarion raises $200m for development fund

    25 September 2008

    UNITED STATES - ING Clarion Partners has signed $202m through the capital raising on its latest commingled fund, Clarion Development Ventures III, following support from seven institutional investors, including New York State Teachers Retirement System.

  • News

    Sacramento County hires international REIT manager

    25 September 2008

    UNITED STATES - Sacramento County Employees’ Retirement System has selected CB Richard Ellis Global Real Estate Securities as its international (ex-US) REIT manager.

  • News

    CalPERS uses $700m to tap opportunity

    18 September 2008

    UNITED STATES - California Public Employees Retirement System is continuing to pursue its international real estate investment strategy by placing $700m (€493.8m) in real estate commingled funds generating targeted net IRRs of 20%.

  • News

    CalSTRS creates emerging manager real estate programme

    18 September 2008

    UNITED STATES - California State Teachers Retirement System is developing an emerging manager strategy in real estate for the first time.

  • News

    Illinois State Universities begins fresh real estate searches

    18 September 2008

    UNITED STATES - State Universities Retirement System of Illinois has approved new manager searches for real estate and infrastructure, in a bid to achieve higher returns than available in equities and bonds.

  • News

    LACERA plans fiduciaries search

    18 September 2008

    UNITED STATES - Los Angeles County Employees Retirement Association has approved a search to hire up to eight independent fiduciaries to work with the pension fund in assessing co-investment real estate opportunities.

  • News

    Los Angeles City nears commitment to debt fund

    18 September 2008

    UNITED STATES - Los Angeles City Employees’ Retirement System is getting close to making a $25m (€17.6m) commitment to the ING Clarion Debt Opportunity Fund III.

  • News

    US funds 'wait and see' over Lehman bankruptcy

    15 September 2008

    UNITED STATES - Several pension funds in the United States have yet to make any decisions about the activity it will now take regarding previous commitments made to Lehman Brothers-sponsored commingled real estate funds, after the firm today announced it was filing for Chapter 11 bankruptcy.

  • News

    AvalonBay falls short of capital raising goal

    11 September 2008

    UNITED STATES - AvalonBay Communities has raised $333m (€234.2m) of equity for its latest commingled fund, AvalonBay Value Added Fund II – but this is short of the $500m goal established early in the process.

  • News

    CalSTRS expands real estate debt investments

    11 September 2008

    UNITED STATES - California State Teachers Retirement System is in the process of increasing its efforts investing capital into real estate debt, having just invested $500m (€354.5m) in that arena.

  • News

    Orange County considers opportunistic allocations

    11 September 2008

    UNITED STATES - Orange County Employees Retirement System has approved a plan to explore the idea of creating a separate allocation for opportunistic or innovative investments.

  • News

    Pramerica sees capital waiting on the sidelines

    11 September 2008

    UNITED STATES - Pramerica Real Estate Investors have found a huge sum of investible capital is currently sitting on the sidelines in the United States, as investors are unsure whether now is a good time to invest given market conditions.

  • News

    Ohio Police and Fire dampens core strategy

    4 September 2008

    UNITED STATES - Ohio Police and Fire Pension Fund has altered its 2008 real estate strategy and will now be investing in core real estate this year, as previously planned.

  • News

    Wisconsin expands real estate consultancy needs

    4 September 2008

    UNITED STATES - Wisconsin State Investment Board has expanded the duties for its real estate consultant, Courtland Partners, as officials at the pension fund say its remit is becoming more complicated.

  • News

    Texas Teachers makes $250m gateways commitment

    4 September 2008

    UNITED STATES - Teacher Retirement System of Texas has approved a $250m (€171.2m) commitment with Westbrook Partners’ latest commingled fund.

  • News

    SanFran City and County signs follow-on commitments

    4 September 2008

    UNITED STATES - San Francisco City and County Employees’ Retirement System is extending its relationship with CapMark Financial Group by approving follow-on real estate commitments worth $62.5m (€43.2m).

  • News

    Fresno County increases target on real estate and infrastructure

    28 August 2008

    UNITED STATES - Fresno County Employees’ Retirement Association has increased its real estate allocation from 4% to 6% and added an allocation of 2% to infrastructure for the first time.

  • News

    ORG to support Indiana PERF

    28 August 2008

    UNITED STATES- Indiana Public Employees Retirement Fund has selected ORG Portfolio Management as its first consultant dedicated to the real estate asset class.

  • News

    CalPERS taps call for debt liquidity

    28 August 2008

    UNITED STATES - California Public Employees Retirement System has made a $200m (€135.4bn) commitment into a US Debt Fund investment run by JER Investors Trust, to take advantage of dislocation in the credit markets.

  • News

    Apollo creates AREFIN on new investor demand

    28 August 2008

    UNITED STATES - Apollo Real Estate Advisors has attracted an additional $309m (€210.6m) for its commingled fund, Apollo Real Estate Finance Corp, and placed the new capital raising in a separate holding called AREFIN Co-Investment Corporation.