All articles by Jon Peterson – Page 47
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News
Ohio School Employees places capital into two commingled funds
REAL ESTATE - The School Employees Retirement System of Ohio has approved commitments into two commingled funds. These were Colony Investors VIII and CB Strategic Investors Europe Fund III. The pension fund made an allocation of up to $75m ($57m ...
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CalPERS narrows search for CalWest buyers
CalPERS narrows search for CalWest buyers REAL ESTATE – The $230bn (€175bn) California Public Employees Retirement System (CalPERS) has narrowed the list of candidates to buy the CalWest industrial portfolio. The four finalists are G...
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Ohio Police & Fire invests in Blackstone opportunity
REAL ESTATE - The Ohio Police & Fire Pension fund has invested $20m (€15.3m) into the Blackstone Real Estate Partners VI opportunity fund. The fund decided on this at recent board meeting, having been advised by real estate consultant, T...
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Alaska pension fund on point of infrastructure allocation
REAL ESTATE - The Alaska Permanent Fund(APF) will be making a formal allocation in the near future to infrastructure investments. The outcome at a recent fund board meeting was not to make a formal allocation at this time, though the move will b...
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CalSTRS makes $3.7bn RE commitments in last quarter of 2006
REAL ESTATE- The California State Teachers Retirement System(CalSTRS) made $3.7bn (€2.8bn) worth of commitments to real estate during the fourth quarter of 2006. Among these commitments were a $200m investment into Heitman Value Partners II ...
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Orange County Employees to invest in REITs and timber
REAL ESTATE – Orange County Employees Retirement System has approved new capital for real estate searches to invest in global real estate securities and timber assets. It was advised by its consultant, Callan Associates. At a recent board m...
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ING Clarion in US medical office buildings joint venture
REAL ESTATE – The US-based ING Clarion Partners has setup an investment joint venture for the first time involving office buildings with Montecito Medical Investment Company. This venture represents another example of ING Clarion looking at ...
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Illinois Teachers to invest $300m in US and European real estate
REAL ESTATE – The Teachers’ Retirement System of the State of Illinois has taken action to invest $300m (€226.9m) into new real estate investments. Two of these investments involve committing capital to office buildings, one of …
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State of Wisconsin spreads $265m spread across US investments
REAL ESTATE – The State of Wisconsin Investment Board has made real estate investments totalling $265m (€200.5m) in three separate events. The most recent of these investments was a $75m commitment to the Cornerstone Apartment Ventures...
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Washington State adds $1.3bn to wide-ranging real estate
REAL ESTATE - Washington State Investment Board has approved new real estate commitments totaling as much as $1.3bn (€983.6m). The pension fund allocated up to $750m for an investment into GMS International, LLC, run by real estate manager...
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Pennsylvania State fund expands opportunity commitments
REAL ESTATE – Pennsylvania State Employees Retirement System is expanding its commitments to placing capital in opportunity real estate funds. The pension fund will be interviewing Angelo Gordon & Co. at its March board meeting for a pos...
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Penwood to consider next commingled fund
REAL ESTATE – Penwood Real Estate Investment Management is looking to start raising money for its next commingled fund. Principal John Hurley said, "We are now at the point in investing in California Select Industrial Partners…We...
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More US pension fund capital headed to foreign investment funds
REAL ESTATE – Additional pension fund capital in the United States is being invested in commingled funds with a foreign investment strategy. Two of the most recent examples of this are with Los Angeles County Employees Retirement Association (L...
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Shorenstein to buy portion of former EOP portfolio
REAL ESTATE – Shorenstein Properties LLC is working on a transaction that involves acquiring all of the Portland, Oregon, office building assets of the former Equity Office Properties Trust (EOP) portfolio. The properties are now owned by Bl...
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CalPERS invests $155m in opportunity investments
REAL ESTATE – California Public Employees Retirement System has approved two opportunistic real estate investments totaling $155m (€118m). One of these investments was $80m that was placed into the Fortress Holiday transaction. This i...
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SoCal office of ING Clarion to focus on value-added deals
REAL ESTATE - The Southern California office of ING Clarion Partners will be focusing on more value-added investments for 2007. Managing director Richard Pink said: "Our investment plan for this year is to emphasise more value-added kind of ...
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DivcoWest buys property in Texas
REAL ESTATE - DivcoWest has closed on the purchase of an office building in Austin, Texas. The real estate fund manager paid $49m (€37.3m) for the Parmer Business Park in Austin. The property was acquired from pension fund manager RREEF....
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RREEF in new joint venture for US apartment deals
REAL ESTATE – Major manager RREEF has formed a joint venture with Bainbridge Capital, LLC to invest in apartment complexes in certain markets across the US. There is no set amount of capital that has been allocated to the venture. Transacti...
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Los Angeles Fire & Police adds commingled fund activity
REAL ESTATE - The Los Angeles Fire & Police Pension System is expanding its activity in investing in commingled funds. The pension fund is looking at placing $90m(€68.5m) into three funds. One of these commitments has already been appro...
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Mass PRIM approves value-added strategy with $300m commitment
REAL ESTATE - Massachusetts Pension Reserves Investment Management Board(Mass PRIM) has approved a new value-added investment policy for its real estate portfolio. The pension fund took this action at its board meeting earlier this month. It was as...
