All articles by Jon Peterson – Page 42
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Pension funds switch targets to gain returns
UNITED STATES – Pension funds are continuing to invest in real estate but may not follow their original allocation strategies in stable markets, suggest figures related to one US pension fund.
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Orange County commits to timberland
UNITED STATES - Orange County Employees Retirement System has made a selection of two managers to invest $140m (€102.2m) in timberland assets.
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Texas Teachers consider making money from casinos
UNITED STATES – The Teacher Retirement System of Texas is thinking of investing $550m (€398.1m) into real estate – a move which could include putting money into casinos.
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Jamestown Group to go after institutional investors
UNITED STATES - The Jamestown Group is going after the institutional investor capital source for the first time as it teams up with Griffin Realty Advisors to form the Griffin Realty Fund.
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Ohio State Teachers maintains real estate for 2008
UNITED STATES- State Teachers Retirement System of Ohio has approved a real estate investment plan for fiscal 2008 which should see the pension fund maintain its annual allocation and move into global Reits.
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Pension funds switch targets to gain returns
UNITED STATES – Pension funds are continuing to invest in real estate but may not follow their original allocation strategies in stable markets, suggest figures related to one US pension fund. New Jersey Division of Investment has now yielde...
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News
Orange County commits to timberland
UNITED STATES- Orange County Employees Retirement System has made a selection of two managers to invest $140m (€102.2m) in timberland assets. Hancock Timber Resource Group and RMK Timberland Group have been awarded mandates to manage $100m a...
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Texas Teachers consider making money from casinos
UNITED STATES – The Teacher Retirement System of Texas is thinking of investing $550m (€398.1m) into real estate – a move which could include putting money into casinos. Rob Kochis, a principal with real estate consultant The Tow...
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News
Jamestown Group to go after institutional investors
UNITED STATES - The Jamestown Group is going after the institutional investor capital source for the first time as it teams up with Griffin Realty Advisors to form the Griffin Realty Fund. Jamestown had previously invested $3bn (€2.2bn) of e...
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News
Ohio State Teachers maintains real estate for 2008
UNITED STATES- State Teachers Retirement System of Ohio has approved a real estate investment plan for fiscal 2008 which should see the pension fund maintain its annual allocation and move into global Reits. Ohio State Teachers figures on being a ...
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Phillips Edison to market new commingled fund
UNITED STATES - Smaller retail properties are among the most difficult for pension funds to buy on their own in the United States – at least that is what Phillips Edison & Company is banking on as it prepares to market its next commingled f...
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ING Clarion to create global opportunity space
UNITED STATES - ING Clarion Partners is establishing a global opportunity platform with the hiring of David Gilbert as a managing director and portfolio manager. This new entity will see the real estate manager pull together opportunity funds to i...
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Pension fund’s shopping centre expands its remit
UNITED STATES - The Alaska Permanent Fund Corporation and Macerich Company are now in planning for the expansion of a 3.5 million retail real estate in Virginia which will see the retail project cross property sectors. The Tyson’s Corner Cen...
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CalSTRS sells large industrial portfolio
UNITED STATES - California State Teachers Retirement System (CalSTRS) has sold one of its largest industrial portfolios to ProLogis, in a transaction worth $1.85bn (€1.34bn). ProLogis made the purchase, financed by cash and $100m of assumed ...
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LACERA eyes Asia in its portfolio
UNITED STATES - Los Angeles County Employees Retirement Association has increased its international real estate portfolio by committing capital to two new investment funds. Each investment was for $25m (€18.1m) into the AIG Asian Real Estate...
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San Diego makes its first overseas play
UNITED STATES - San Diego City Employees Retirement System has approved its first ever international real estate investment by allocating $30m ($22m euros) to the Colony Investors VIII commingled fund. San Diego City is expected to make at least o...
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CB Richard Ellis Investors creates M&A team
UNITED STATES - CB Richard Ellis Investors has hired two people to create a new mergers and acquisitions team within its company. The real estate manager has enticed Deborah Smith and June Yu away from Lehman Brothers to become senior managing dir...
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CalSTRS seeks tripled exposure to tap overseas growth
UNITED STATES - California State Teachers Retirement System is making a significant move to almost triple its exposure to international real estate over the next four years to tap the investment potential of office space. The pension fund believes...
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Valencia Capital pumps $250m for medical targets
UNITED STATES - Valencia Capital Management has raised $250m (€183.8m) for its commingled fund, Next Block Medical Fund I, through strong support from pension funds. Lead investor in the commingled fund is California Public Employees Retirem...
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Washington State makes two real estate moves
UNITED STATES - Washington State Investment Board is taking action to make two significant real estate deals which give it additional US and global investment positions. The pension fund will commit another $500m (€368m) with Evergreen Real ...
