All articles by Jon Peterson – Page 50
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News
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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LA County scheme takes action
REAL ESTATE - The Los Angeles County Employees Retirement Association had two real estate related investment items at its board meeting on November 8. One of these was to approve a manager investment plan for Tri-Pacific Residential Investors One,...
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Drever raises capital for new apartment fund
REAL ESTATE - Drever Partners will have a first closing at the end of November for its apartment investment fund, Concierge Apartment Fund. The company is expecting that it will have raised $100m of the $250m of equity it’s hoping to attract t...
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JP Morgan to buy Columbia Equity Trust
REAL ESTATE - JP Morgan Asset Management has signed a definitive agreement to acquire Columbia Equity Trust. The deal is set to completed sometime during the first quarter of 2007. Should this deal go through, it will represent the first time the...
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Ohio PERS puts cash into international funds
REAL ESTATE- The Ohio Public Employees Retirement System is on its way with its investment plan for investing in international real estate. The pension fund has now made commitments to three international investment funds. These are $80m to Black...
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Warburg Pincus raises $1.2bn for real estate fund
REAL ESTATE - Warburg Pincus has raised $1.2bn of equity for its first dedicated real estate investment fund - the commingled fund is Warburg Pincus Real Estate I, L.P. The global private equity firm attracted capital from some of the largest pens…
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Washington State to invest $250m with Fillmore
REAL ESTATE - The Washington State Investment Board has decided to invest $250m with Fillmore Capital Partners through its Fillmore Strategic Partners entity. This is the second time that the pension fund has invested in Fillmore Strategic Partner...
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Illinois Teachers sets international allocation
REAL ESTATE - The Teachers’ Retirement System of the State of Illinois has set a 4% allocation for investing in international real estate. This will give the pension fund $200m (€156m) of capital to invest in this sector. The pension ...
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CalSTRS looks into infrastructure investment
REAL ESTATE - The California State Teachers Retirement System is taking a look at making infrastructure part of its overall investment strategy, although no formal policy has been established yet. The fund had an educational session on this invest...
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NYSTRS takes action on $500m in real estate
REAL ESTATE - The New York State Teachers Retirement System has made decisions on $550m worth of real estate investments. This activity took place at the pension fund’s board meeting on October 26. The pension fund made two commitments to r...
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Principal buys central San Francisco office
REAL ESTATE - Principal Real Estate Investors has made its acquisition of 333 Market Street its first office building purchase in the central business district of San Francisco. The real estate manager had its Managing Director Mark Hanrahan work ...
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Sacramento County makes new allocation
REAL ESTATE - The Sacramento County Employees Retirement System has awarded Cornerstone Real Estate Advisers a new $15m allocation for its separate account relationship. This action was taken at its board meeting on October 19. The pension fund m...
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CalSTRS sets up Texas apartments venture
REAL ESTATE - The California State Teachers Retirement System has created a joint venture with Trammell Crow Residential to develop the 452-unit Alexian at Fitzhugh apartment complex in Dallas. The total amount of capital in the venture is $63m....
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News
Hearthstone to market next investment fund
REAL ESTATE - Hearthstone will be marketing its next single-family investment fund after the first of the year. The name of the fund is Path of Growth Investors II. The company’s Chief Financial Officer Mark Porath said: "We are now i...
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CalPERS commits $100m to new fund of funds
REAL ESTATE- The California Public Employees Retirement System has made a $100m commitment to the American Value Partners Fund I. This is a commingled fund that has a very unique investment strategy. It will be investing with either emerging real...
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Oregon allocates $300m to international REITs
REAL ESTATE - The Oregon Public Employees Retirement Fund has allocated a total of $300m to three international REIT managers. This capital was split up with $150m going to Morgan Stanley Real Estate, $75m to European Investors and $75m to Presima...
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University of California amends real estate plan
REAL ESTATE - The University of California has decided to make some changes to its real estate investment program. The institutional investor has chosen to reduce its amount for core investments and increase its mixture of enhanced and high return...
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BGP Properties to market new investment fund
REAL ESTATE - BGP Properties has begun to seek investors for its next investment fund, BGP Investment Partnership Fund VIII, L.P. The company will seek to raise around $650m-$750m. The company expects a great deal of repeat investors in the new f...
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AFL-CIO in $500m industrial venture
REAL ESTATE - The AFL-CIO Building Investment Trust has put together a joint venture with Weingarten Realty Investors to invest in industrial properties across the US. There will be a total capitalization in the venture of $500m - around 50-50 equ...
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LA Fire & Police board action on real estate
REAL ESTATE- The Los Angeles Fire & Police Pension System made two real estate decisions at its board meeting on October 5. The first item was to issue an investment of up to $15m to the Genesis Workforce Housing Fund II. The potential return...
