All articles by Jon Peterson – Page 59
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Florida SBA creates new $400m REIT mandate
Florida SBA’s existing $1.7bn REIT portfolio is held via managers AEW, Cohen & Steers, Invesco and RREEF
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Louisiana Teachers hires Principal to target CMBS distress
Pension fund earmarks $100m to take advantage of opportunities this year
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Tennessee Consolidated commits $200m to in-house domestic REIT strategy
OKs $200m each to internally managed US REIT portfolio and a Carlyle Group core-plus real estate fund
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NYSCRF commits $600m to new Fairfield apartment development fund
Fairfield Create Core Multifamily fund expects to raise $750m with backing from another investor
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Waterton plans $1.25bn fundraise for latest US apartment fund
OCERS approves a $75m commitment to the Waterton Residential Property Venture XIV fund
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Unnamed SWF hires Cohen & Steers for $1bn global REIT mandate
The global mandate will be benchmarked against the FTSE EPRA NAREIT Global Real Estate Index
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SWIB OKs $535m real estate commitments, eyes further $459m
Places $300m into new debt and more than doubles investment in Carson industrial JV
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Ohio SERS sets $200m pacing plan for real assets
Ohio SERS will mainly target real estate because it already has close to $350m in unfunded commitments to infrastructure
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New Mexico SIC rescinds plan to redeem from Berkshire apartment fund
Berkshire is offering fee discount to investors if it fails to reach its target
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Illinois Teachers adds Brookfield to infrastructure manager line-up
Commits $250m to Brookfield Infrastructure Fund IV-B and $200m to Blackstone’s Strategic Partners Infrastructure III
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US pension funds post 20%-plus write-downs on hotel assets
Mark downs by two institutional investors exceed 4.8% declines reported by NCREIF index
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UTIMCO ups real estate and infrastructure allocations, experiences value declines
Allocations at endowment fund rise from 8% to 10% and from 2% to 4%, respectively
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UBS Trumbull fund to sell $600m of retail assets
Open-ended fund plans to sell six assets as it attempts to reduce exposure to troubled sector
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Michigan Retirement issues first Europe-only property fund commitment
SMRS commits €75m to the GreenOak Europe Fund III fund
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Iowa PERS to hire Brookfield as first infrastructure fund manager
IPERS is in talks to commit $300m to the Brookfield Super-Core Infrastructure Partners fund
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NYSCRF backs open-ended Black Creek Industrial Fund
Pension fund approves a $200m commitment to the US industrial property fund
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Montana Board places $125m into US property debt funds
Backs Angelo Gordon Commercial Real Estate Debt Opportunities III and Fidelity Real Estate High Income Fund
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CalPERS puts $446m into real estate and infrastructure funds
Commits $346.5m to Meadow-Gotham Office Realty Partnership and $100m to the Harbert Infrastructure Fund VI
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LACERS earmarks up to $210m for real estate
Pension fund continues to rebalance core holdings in open-ended real estate funds to help improve returns
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Torchlight to raise up to $500m in first close for new property debt fund
Torchlight Debt Fund VII, which has $1.5bn target with a $2bn hard-cap, expects initial close this month