All articles by Jon Peterson – Page 51
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News
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...
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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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N. Dakota OK's infrastructure fund
REAL ESTATE- The North Dakota State Investment Board has awarded a $100m (€79.4m) commitment to the JP Morgan Infrastructure Investment Fund. The pension fund was looking to place some capital into a commingled fund that focused on infrastru...
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Ohio scheme to invest in core commingled
Ohio Police & Fire to invest in core commingled fund REAL ESTATE - The Ohio Police & Fire Pension Fund has issued a $100m (€79.4m) commitment to the Heitman Core Property Fund. The pension fund took this action at its board meetin...
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Pramerica in $500m retail joint venture
REAL ESTATE Pramerica Real Estate Investors has formed a $500m (€400m) joint venture with Kite Realty Group to invest in retail properties. The capital will be placed over a four-year period. Around 80% or $400m would be supplied by Prame...
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Oregon PERF commits $450m
REAL ESTATE- The Oregon Public Employees Retirement Fund has approved new commingled fund investments totaling $450m (€357m). The pension fund took these actions at its board meeting on September 27. It’s made commitments to five dif...
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Finnish fund targets European schemes
REAL ESTATE - Finnish private equity firm CapMan Oyj last week announced the first closing of a property development vehicle aimed at international pension funds. Seven unidentified funds committed €67m to the CapMan Real Estate II Ky fund,...
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Alaska Permanent approves new strategy
REAL ESTATE - The Alaska Permanent Fund Corp. has approved a new real estate strategy to invest less in public real estate and allow a value-added component. The pension fund made these changes as part of real estate resolution 06-07 at its board ...
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Orange County commits $60m
REAL ESTATE - The Orange County Employees Retirement System has approved commitments of $60m into two real estate commingled funds. The pension fund chose to allocate $30m each to AEW Value Investors II, L.P. and Fidelity Real Estate Growth Fund I...
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New Jersey commits $300m to Prudential fund
REAL ESTATE - The New Jersey Division of Investment has approved an investment of up to $300m (€235m) into the Prudential Property Investment Separate Account (PRISA). The fund took this action at its board meeting on September 21, assisted ...
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Texas Teachers makes real estate moves
REAL ESTATE - The Teacher Retirement System of Texas made some real estate moves at its board meeting in the middle of September. The fund has approved an investment of up to $100m into the Capmark Structured Real Estate Partners commingled fund. ...
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Illinois State commits to urban fund
REAL ESTATE - The Illinois State Board of Investment has approved a $30m commitment to the MacFarlane Urban Real Estate Fund II, L.P. The fund took this action at its board meeting in mid September. It was assisted in its real estate decision by ...
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News
Canada’s La Caisse takes Brazil real estate stake
REAL ESTATE - A real estate subsidiary of Caisse de dépôt et placement du Québec, Canada’s largest pension fund, has acquired an undisclosed stake in Brazilian retail management firm Ancar. La Caisse’s Ivanhoe Cambridge...
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LA County earmarks $600m for separate account
REAL ESTATE - The Los Angeles County Employees Retirement Association has chosen an initial commitment of $600m as it establishes a new way to allocate capital for its separate account real estate managers. The allocation will be split into three ...
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CalPERS to invest $100m into commingled fund
REAL ESTATE - The California Public Employees Retirement System has approved a $100m commitment into the Page Mill Properties II commingled fund. The pension fund made this commitment as part of its opportunistic real estate investment strategy. ...
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Illinois State buys industrial portfolio
REAL ESTATE- The Illinois State Board of Investment has purchased a portfolio of industrial properties through separate account manager CB Richard Ellis Investors for $80.5m (€63.5m) from Bentley Forbes. The transaction involved the acquisit...
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Ohio PERS awards new allocation to manager
REAL ESTATE - Ohio Public Employees Retirement System has decided to grant Great Point Investors a new annual real estate allocation of $200m. The real estate manager figures that it will use leverage to the amount of 40% at the portfolio level....
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Shorenstein raises €867m for new fund
REAL ESTATE - Shorenstein Properties LLC has raised $1.1bn (€867m) for its latest commingled (pooled) fund, Shorenstein Realty Investors Eight, L.P. It took the real estate fund manager around four months to raise the capital. It could have...
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News
LA Water dips toe into real estate
REAL ESTATE – The $11.1bn (€8.6bn) Los Angeles Water and Power Employees’ Retirement Plan has approved its first two investments in real estate. These will be in two open-ended core commingled funds. It has made $50m commitments ...
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Ohio Police & Fire commits to commingled fund
REAL ESTATE - The Ohio Police & Fire Pension Fund has made a $25m (€19.6m) commitment to the Westbrook Real Estate Fund VII. This was an investment that was approved by the pension fund’s staff and real estate consultant Townsend G...
