All articles by Jon Peterson – Page 46
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News
ING Clarion sets up $1bn office venture
ING Clarion sets up $1bn office venture REAL ESTATE- ING Clarion Partners and Trammell Crow Co. have created a joint venture to develop $1bn (€744m) worth of new office buildings across the US in the next five years. The debt to equity ra...
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Ohio Police & Fire pick independent fiduciary
REAL ESTATE - Ohio Police & Fire Pension Fund has selected Robert A. Stanger & Co. as its real estate independent fiduciary to look at a portion of the pension fund’s real estate portfolio. Ohio Police & Fire made this decision ...
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Pennsylvania fund eyes office fund
REAL ESTATE- Pennsylvania Public School Employees’ Retirement System has issued a commitment to invest capital into the Broadway Partners Real Estate Fund III. This investment will be put into the pension fund’s value-added component...
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Kansas PERS adds international real estate
REAL ESTATE – The Kansas Public Employees Retirement System has added to its real estate portfolio with commitments to international investing totaling $175m (€130.9m). The pension fund allocated a total of $140m into global REITs. Th...
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Ohio School Employees puts $50m into Beacon’s office commingled
REAL ESTATE - The School Employees Retirement System of Ohio has approved a $50m (€37.5m) commitment into the Beacon Capital V.
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New York State Teachers sets up US apartment JV
REAL ESTATE - New York State Teachers Retirement System(NYSTRS) has formulated a joint venture with the Bozzuto Group to develop apartment complexes. There is a total of $100m (€74.9m) of equity in the venture. The pension fund contributed ...
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Los Angeles Fire & Police boots real estate commitment
REAL ESTATE - The Los Angeles Fire & Police Pension System has committed capital to a real estate commingled fund and agreed in principle to establishing an annual allocation for real estate. The pension fund approved a $30m (€22.4m) com...
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INVESCO fund attracts $40m from San Diego City
REAL ESTATE - The San Diego City Employees’ Retirement System has approved a commitment of $40m (€30.1m) into the INVESCO Real Estate Fund II. Dawne Clark, assistance chief investment officer for the pension fund said: “We inve…
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CalPERS places $285m into Mexico and Brazil partnerships
REAL ESTATE - The California Public Employees Retirement System(CalPERS) has agreed to invest $285m (€213.5m) into real estate partnerships investing in Mexican and Brazilian real estate. Both of the partnerships will continue an on going re...
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LA Fire & Police is looking hard at Stratford fund
REAL ESTATE - Los Angeles Fire & Police Pension System is looking into making a commitment to a new commingled fund, Stratford Land Fund III. But the pension fund will not be making a final decision until its gets a report on the commingled...
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JER starts to buy US properties for next commingled fund
REAL ESTATE – US manager JER Partners has started the process of buying properties for its next commingled fund, JER Partners IV. Among the first properties for the fund was the acquisition of the Fairview Park Marriott in Falls Church, Va., f...
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Washington State approves over $800m in real estate
REAL ESTATE- The Washington State Investment Board has taken action to place more than $800m (€601.4m) into new real estate investments. The pension fund made these investment decisions at its board meeting recently. One decion was a follow...
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Harvard Endowment invests in BayNorth’s new $473m fund
REAL ESTATE – US-based BayNorth Capital LLC has completed raising capital for its latest investment fund, BayNorth Realty Fund VII, with a total of $472.5m (€356m) contributed. One of the more significant investors in the fund was the...
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Noble raises $310m for new hotel fund
REAL ESTATE - Noble Investment Group has raised $310m (€233.1m) of equity for its hotel investment fund called Noble Hospitality Fund. This commingled fund will be the first time that the company has raised a discretionary investment fund f...
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LACERA makes first medical office investment
REAL ESTATE - The Los Angeles County Employees Retirement Association has placed its first ever investment in medical office buildings. This was accomplished with commitment of up to $25m (€19m) into the LaSalle Medical Office Fund II.
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CalPERS undertakes a major real estate review
REAL ESTATE - The California Public Employees Retirement System will be undertaking an overall review of its real estate portfolio and strategy over the next few months.
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San Joaquin County opts for value-add-opportunity funds
REAL ESTATE – The San Joaquin County Employees Retirement Association has approved an investment plan for 2007 that will be placing $60m (€45.5m) to $100m into a mixture of either value-added or opportunistic commingled fund commitments....
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Canadian plan makes first move into US market
REAL ESTATE - The Canada Pension Plan Investment Board makes its first major move into the US with a $500m (€378.3m) investment with TIAA-CREF Asset Management. Graeme Eadie, senior vice president of real estate investments for CPP Investmen...
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Los Angeles City approves new emerging manager policy
REAL ESTATE – The Los Angeles City Employees’ Retirement System has approved a new emerging manager policy for its real estate investment plan. The pension fund made this decision in conjunction with its real estate consultant Townsend...
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Oregon PERF places first investment in opportunistic portfolio
REAL ESTATE - The Oregon Public Employees Retirement Fund(OPERF)has made its first investment in its opportunistic portfolio that was created in 2005. The initial investment in this asset area was a $100m (€76.3m) commitment to the Fidelity ...
