All articles by Jon Peterson – Page 31
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Orange County turns away from separate accounts
UNITED STATES - Orange County Employees Retirement System has started the process of investing in commingled real estate funds and moving away from separate accounts.
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New Jersey turns attention to non-core real estate
UNITED STATES - New Jersey Division of Investment has approved $250m (€161.4m) worth of commitments to non-core real estate.
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Ohio PERS prepares for move overseas
UNITED STATES - Ohio Public Employees Retirement System is getting ready to make its first ever move into investing in international REITs.
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Pramerica books space at Mexican resort
UNITED STATES - Pramerica Real Estate Investors is expecting to invest as much as $800m (€517m) over several years in a joint venture to develop the second phase of a project along the Sea of Cortez in Mexico, known as CostaBaja Resort & Marina.
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SanFran City & County ups real estate assets by 2%
UNITED STATES - San Francisco City & County Employees’ Retirement System has decided to increase its exposure to real estate to 12%.
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Maryland sees value in adding to real estate
UNITED STATES - Maryland State Retirement System has signed a deal to invest with a new manager to the fund, by committing $100m (€64.6m) to the Rockwood Capital Real Estate Partners VIII fund.
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LACERA extends its hotel funds holding
UNITED STATES - Los Angeles County Employees Retirement Association has further diversified of its assets into hotel investments, and approved a $100m (€64.5m) commitment to the Starwood Capital Global Hospitality Fund II.
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CalPERS-backed real estate entity files Chapter 11
UNITED STATES - LandSource Communities Development LLC, a US land investment entity backed by California Public Employees Retirement System, the largest pension fund in the United States, has filed for Chapter 11 bankruptcy protection.
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CalSTRS focuses eye on infrastructure
UNITED STATES - California State Teachers Retirement System has begun the process for eventually placing around $1bn (€644.m) of capital in infrastructure investments.
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Wisconsin follows the lower allocation trend
UNITED STATES – Yet another US pension fund has moved to reduce its allocation to real estate this year, as the State of Wisconsin Investment Board has cut its allocated capital by 14%.
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RREEF makes fresh executive hires
UNITED STATES - RREEF Alternative Investments has added to its executive staff with the hiring of Susan Barlow as managing director and head of global client relations.
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Thomas Properties and UBS sign office contract
UNITED STATES - Thomas Properties Group has created a new office building acquisitions joint venture with UBS Wealth Management to purchase assets in selected markets across the United States.
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Tricon Capital creates new investment platform
UNITED STATES - Tricon Capital Group has created a new investment platform for the recapitalisation of single-family communities.
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Illinois Teachers targets minority and female managers
UNITED STATES - Teachers’ Retirement System for the State of Illinois has decided to expand its emerging manager program to include real estate for the first time.
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State of Wisconsin makes hotel reservations
UNITED STATES - Wisconsin State Investment Board is planning to invest into hotels for the first time.
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Ohio PERS sees value of European capital
UNITED STATES - Ohio Public Employees Retirement System (PERS) has made $75m (€48.3m) commitments to Carlyle Europe Realty Partners III and Blackstone Real Estate Partners Europe Fund III.
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LACERA moves $50m into pan-Asia fund
UNITED STATES - Los Angeles County Employees Retirement Association had added to its international real estate exposure by committing $50m (€32.2m) to the ING Real Estate Asia Value Fund.
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Ohio Police & Fire commits to high return fund
UNITED STATES - Ohio Police & Fire Pension Fund is continuing its high return commingled fund investing strategy by making a $25m (€16.2m) commitment to the Walton Street Real Estate Fund VI.
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Morgan Stanley to invest $4bn in infrastructure
UNITED STATES - Morgan Stanley has raised two-thirds more than originally intended for its global commingled fund, known as Morgan Stanley Infrastructure Partners, as investor demand created fund flows worth a total $4bn (€2.56bn).
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JPMorgan raises $600m for China fund
UNITED STATES - JPMorgan Asset Management raised in excess of $600m (€380.6m) for its latest commingled fund, the JPMorgan Greater China Property Fund.