All articles by Jon Peterson – Page 54
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News
Pramerica creates first venture with ProLogis
REAL ESTATE- Pramerica Real Estate Investors has established a joint venture for the first time with ProLogis to develop industrial properties near Denver in Colorado. Pramerica made a $40m (€31m) investment in the venture, which gets the pe...
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AEW raises €532m from schemes, endowments
REAL ESTATE- AEW Capital Management has closed its money raising for its latest commingled fund, AEW Partners V. It attracted equity capital from both pension funds and endowments totaling $686m (€532m). AEW portfolio manager Mark David...
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Pramerica signs agreement for retail venture
REAL ESTATE - Pramerica Real Estate Investors has signed a contract to form a joint venture with Cousins Properties to invest in retail properties. The deal – involving five Cousins properties - could be approved by the end of the month. ...
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Texas Teachers invests $400m
REAL ESTATE - The $100bn (€77.8bn) Teacher Retirement System of Texas has decided to place $400m of its real estate allocation into three commingled funds. The Austin-based fund chose to invest into two opportunity funds. It has made a ...
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Pennsylvania fund in govt leasing move
REAL ESTATE- The Pennsylvania State Employees Retirement System has setup an investment program to invest in properties leased to the federal government. The fund has agreed to invest $30m of equity into the Oxford Development Fund I. This is a ...
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New Jersey puts $150m into real estate
REAL ESTATE- The New Jersey Division of Investment has placed a total investment of $150m (€117.9m) into two commingled funds. The largest of the two investments was a $100m commitment into the RREEF Global Opportunities Fund II. This close...
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LA Fire & Police pensions in €102m move
REAL ESTATE- The Los Angeles Fire & Police Pension System has made $130m (€102.2m) in real estate investments by committing capital to a new REIT manager and two commingled funds. The fund selected Principal Global Investors as its third...
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University of California activates €1.9bn plan
REAL ESTATE - The University of California has decided to activate its real estate investment program for two of its investment entities. It has $2.5bn (€1.9bn) available to invest in real estate, representing a 5% allocation to the asset cl...
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California funds active in real estate market
REAL ESTATE – Three large California-based pension funds have been active in the real estate market recently. They are the San Jose Federated City Employees Retirement System, the California Public Employees Retirement System and the Sacrame...
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Clarion to develop new industrial properties
REAL ESTATE - Clarion Partners has created a joint venture with Trammell Crow Company to develop two new industrial buildings in Beaumont, Calif. The development will build two warehouse/distribution buildings within the Beaumont Business Park on ...
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CalSTRS commits to old folks’ housing
REAL ESTATE - The California State Teachers Retirement System has made its first investment in old folks’ housing. It has established a partnership relationship with Newport Beach, California-based Vintage Senior Advisors. CalSTRS and V...
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CalPERS to hire managers for global REIT program
REAL ESTATE- California Public Employees Retirement System has sent out an RFP for managers for an international public real estate equity securities (PREES) investment program. The Sacramento-based fund has not established a specific amount for t...
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Sacramento scheme commits to offices
REAL ESTATE – The Sacramento County Employees Retirement System has decided to invest all of its separate account capital into office buildings. The main reason for this is portfolio diversification. The fund’s chief investment office...
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Hart to market its first commingled fund
REAL ESTATE - Hart Realty Advisers has begun the marketing process for its first commingled fund. The Hart Realty Fund, L.P. is slated to grow to $100m (€81.5m). It’s the first time in its 24-year history that the company has done t...
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News
Clarion eyes self-storage
REAL ESTATE - Clarion Partners has plans to acquire $50m-$100m (€40.7m-€81.4m) in self-storage properties on an annual basis. This capital will be invested on behalf of a mixture of commingled funds and separate account pension fund clie...
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Montana State to make real estate play
REAL ESTATE - The $7bn Montana State Board of Investment will be making a move into real estate for the first time in several years this month. The pension fund has a board meeting on April 26. At this meeting the board will discuss a minimum real...
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NJ to invest in two new commingled funds
REAL ESTATE- The New Jersey Division of Investment has committed a $75m investment into both the CPI Capital Partners Europe and to Walton Street Real Estate Fund V. The CPI Capital Partners Europe fund will be the pension fund’s initial inv...
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Pennsylvania to invest $100m in non-core funds
REAL ESTATE- The Pennsylvania State Employees Retirement System has decided to invest $25m into the Prudential Latin America Retail Fund and $75m into the Hawkeye Partners Scout Fund. Neither of these investments are typical of investment funds th...
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Pennsylvania scheme backs opportunity fund
REAL ESTATE- Pennsylvania Public School Employees Retirement System has approved an investment up to $200m into the Fortress Investment Fund IV. The pension fund made this decision at its board meeting last month. One of the people involved in th...
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Los Angeles fund picks two REIT managers
REAL ESTATE- The Los Angeles Fire & Police Pension System has selected Adelante Capital Management and Morgan Stanley Investment Management as its first two managers for its first ever REIT investment program. Both of these managers were award...
