All articles by Jon Peterson – Page 56
-
News
JER Partners buys hotel portfolio in Colorado
US: Real estate fund manager JER Partners has acquired a 785-room hotel portfolio in Colorado for US$53m (EUR 43.8m). Branded as TownePlace Suites by Marriott hotels, the portfolio is based on six properties in the greater Denver area and one in Colo...
-
News
Canadian pension’s $2bn push into global real estate
US: The Ontario Municipal Employees Retirement System (OMERS) wants to invest around US$2bn (EUR 1.66bn) in global real estate. The first stage will be an investment of US $750m in the US market. The pension fund will work via a real estate operating...
-
News
JPMorgan Fleming seeks meaningful relationships
US: JPMorgan Fleming Asset Management has established relationships with operating partners in senior housing, hotels and shopping centres to acquire assets for its commingled fund, the Special Situation Property Fund. The move is reflective of ...
-
News
Tricon Capital invests in senior housing
US: Tricon Capital Group has established a joint venture with Lakemont Homes to develop a 289-unit for seniors at Eskaton Village, Roseville, California. These “homes in the community” will range from around $350,000 to $450,000. I...
-
News
RREEF buys AMB industrial portfolio
US: RREEF has acquired the AMB Institutional Alliance Fund I industrial portfolio for $618 million. The investment manager made the purchase on behalf of its commingled fund RREEF America II. Industry experts have indicated that the cap rate on...
-
News
US schemes eye international real estate securities
US - There is going to be more interest from US pension funds this year in investing in international real estate securities. One of the leaders in this trend will be the California Public Employees Retirement System. The pension fund is looking a...
-
News
Switzerland’s AFIAA plans US move
US - AFIAA-REIM, a leading investment advisor for state pension funds in Switzerland, is looking to become a bigger player in US real estate investment. The company would like to place $500m in the country over the next 12 to 18 months. AFIAA is a...
-
News
Iowa scheme issues $360m in commitments
US - The Iowa Public Employees Retirement System (IPERS) has approved new commitments to its separate account real estate managers to the tune of $359.2m (€299.4m). IPERS now works with five separate account managers. These are Clarion P...
-
News
CB Richard Ellis Investors raises $1.18bn
US - CB Richard Ellis Investors (CBREI) has raised $1.18bn (€984m) from 33 investors for its latest commingled fund: CB Richard Ellis Strategic Partners US IV, L.P. The fund was oversubscribed with an original target raise of $800m-$900m. ...
-
News
LA Fire & Police commits to urban real estate
US - The Los Angeles Fire & Police Pension System has decided to invest $30m in the CIM urban REIT. It has also decided to extend the contract of Lowe Enterprises as a separate account real estate manager. Both decisions were taken at the pension...
-
News
Pramerica acquires old folks’ housing
US - Pramerica Real Estate Investors has set up a joint venture to acquire the Epoch Senior Living portfolio for $138m (€117.4m). Pramerica will hold an 80% stake in the portfolio with the balance being held by American Retirement Corporati...
-
News
Illinois Teachers up core office component
US - The Teachers' Retirement System for the State of Illinois has added to its exposure of core office buildings with a $100m (€85.4m) commitment to the Hines-Sumisei US Core Office Fund. The teachers' pension made the investment to address...
-
News
Arizona scheme commits to Rothschild
US - The Arizona State Retirement System (ASRS) has become the latest investor in Rothschild Realty's Five Arrows Realty Securities IV fund. The €22bn pension scheme has made a $75m (€64.1m) commitment. Gary Dokes, ASRS' chief investm...
-
News
Pension funds surge into US REITs
US – Several large public pension funds are preparing to jump into publicly traded real estate securities (REITs). Industry insiders are predicting that $500m (€422m) of new capital will be invested in REITs by public pension funds ov...
-
News
Ohio Police & Fire joins value-added US fund
US – The Ohio Police & Fire Pension Fund has made a $20m commitment to the CB Richard Ellis Strategic Partners IV commingled fund. The investment forms part of Ohio Police & Fire’s high-return investment strategy. It will be o...
-
News
Funds put faith in urban investment
US – Two California-based pension funds have committed capital to an urban investment strategy using commingled funds. The Los Angeles County Employees’ Retirement Association has made a $60m investment into UrbanAmerica II and the Los...
