All articles by Jon Peterson – Page 49
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News
L&B to raise second medical office fund
REAL ESTATE- L&B Realty Advisors is now marketing its second medical office building investment fund, L&B Medical Partners II. The person overseeing this fund for the company is director Jason Blake. He said, "We believe that instit...
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News
Ohio Police & Fire commits capital to new commingled fund
REAL ESTATE- The Ohio Police & Fire Pension Fund has approved a $25m (€18.5m)investment into the Colony Investors VIII, L.P. The pension fund took this action with some assistance from its real estate consultant, The Townsend Group. The...
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San Diego City commits capital to apartment fund
REAL ESTATE - San Diego City Employees’ Retirement System has approved a $20m (€15.5m) commitment to the Cornerstone Apartment Venture III, LLC. This is a commingled fund that is managed by Cornerstone Real Estate Advisers. The real e...
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CS Capital nears closing on Los Angeles development fund
REAL ESTATE- CS Capital Management is set to have a final closing in March on its commingled fund, Los Angeles Development Partners. The projected total raise is in the neighborhood of $250m (€193m). There will be a total of eight or nine p...
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New Jersey allocates $150 million into two commingled funds
REAL ESTATE- The New Jersey Division of Investment has approved real estate investments totaling $150m (€115m) into two commingled funds. One of these was a $100m allocation into the Prudential Property Investment Separate Account II. This ...
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News
Clarion creates new US hospitality unit
REAL ESTATE - Clarion Partners figures to become a major player in the investment of hotels with its creation of a new investment unit, The ING Clarion Hospitality Group. This was established to take over responsibility of the real estate manager...
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Two US plans to invest in €365m in commingled funds
REAL ESTATE - Two pension fund clients of The Townsend Group, a leading real estate pension fund consultant in the US, will be investing up to $475m(€365m) in two commingled funds. The investment funds involved in the commitments are Colony ...
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LA mulls new real estate investments
REAL ESTATE - The Los Angeles City Employees’ Retirement System will be looking at investing in the MacFarlane Urban Real Estate Fund II and Buchanan Fund V. The move came at its investment committee meeting on December 4. These investment...
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US schemes back international REITs
REAL ESTATE - More US pension funds based are looking at placing capital into international REITs. Two of the most recent examples of this are State Universities Retirement System of Illinois and the Orange County Employees Retirement System....
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News
Massachusetts PRIM allocates extra $300m
REAL ESTATE - The Massachusetts Pension Reserves Investment Management Board has set aside $300m for a value-added strategy through one of its separate account real estate managers. Mass PRIM has Lou Canlas as senior investment officer for real es...
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LA County fund to look at international
REAL ESTATE - The Los Angeles County Employees Retirement Association will be looking at making some international real estate investments over the next 12 months. Its Principal Investment Officer for Real Estate John McClelland said, "We wi...
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CalPERS finalises office building venture
REAL STATE - The California Public Employees Retirement System has finalised plans for a new office building investment partnership. It’s called Fifth Street Properties II, LLC. The venture has a total of $2bn of capital available to invest...
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CalSTRS commits $100m to emerging manager fund
REAL ESTATE - The California State Teachers Retirement System has made a $100mn commitment to the Scout Fund that is being managed by Hawkeye Partners. This commingled fund will look to sign up between six to eight emerging managers for the fund....
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San Francisco City & County places $100m
REAL ESTATE - The San Francisco City and County Employees’ Retirement System has approved new real estate investments of $100m with Capmark Investments, L.P. This action was taken by the pension fund at its board meeting last month. It was ...
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Jones Lang LaSalle opens in Dusseldorf
REAL ESTATE – Jones Lang LaSalle, the US real estate broker and asset manager, says that from January 1, it is creating a new German asset management services unit based in Düsseldorf. JLL said that to lead the unit, it had recruited Hi...
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Ohio School scheme commits to retail fund
REAL ESTATE - The School Employees Retirement System of Ohio has approved up to a $50m commitment into the Retail Enhancement Fund. The fund took this action at its board meeting in mid November. This is a commingled fund that is managed by M...
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News
GE scheme sets up California industrial venture
REAL ESTATE - The General Electric Pension Trust has put together a new $55m joint venture with Master Development Corporation to invest in industrial properties in Southern California. GE put in $50m, with the balance coming from Master Developme...
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Virginia Retirement System invests in commingled
REAL ESTATE - The Virginia Retirement System has approved investments in three new commingled funds. The total amount invested is $410m. It made two commitments to core commingled funds. One of these was a $175m commitment to the Strategy Proper...
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New Jersey makes $425m commitment
REAL ESTATE - The State of New Jersey Division of Investment has approved commingled fund real estate investments totaling $425m. One of these investments was made with a manager that the pension fund had already made a commitment to. This was wi...
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Texas Teachers commit $300m
REAL ESTATE - The Teacher Retirement System of Texas has approved three investments in real estate commingled funds totaling $300m. The pension fund took these actions at its board meeting earlier this month. The three investments are up to $75m ...
