News | Institutional Real Estate, Inc.

Investors | Sep 18, 2020

University of Virginia posts 5.3% return for fiscal year

by Kali Persall

The University of Virginia Investment Management Company (UVIMCO) has recorded a 5.3 percent return for the fiscal year ending June 30, exceeding the policy portfolio return of 3.3 percent.

Investors | Sep 18, 2020

Texas Permanent commits more than $100m to European real estate funds

by Kali Persall

Texas Permanent School Fund has committed to two real estate funds in Europe.

Transactions | Sep 18, 2020

Corestate invests in €300m mixed-use German asset for BVK

by Released

Corestate has acquired the main part of the trophy city quarter development The Q in Nuremberg, Germany, for an institutional investment mandate on behalf of Bayerische Versorgungskammer.

Investors | Sep 18, 2020

Illinois TRS earmarks $920m for real assets in FY2021

by Kali Persall

The $51.2 billion Teachers’ Retirement System (TRS) of the State of Illinois has released its real assets tactical plan for fiscal year 2021.

Investors | Sep 18, 2020

Michigan pension fund commits to TerraCap Partners V

by Kali Persall

Macomb County (Mich.) Retirement System has approved a commitment of $18 million to a value-add property fund managed by TerraCap Management.

Investors | Sep 18, 2020

PAG plans to invest $8b in Japan’s real estate sector

by Andrea Zander

Asia-focused private equity firm PAG has plans to invest up to $8 billion in Japanese real estate over the next four years, reported Nikkei.

People | Sep 18, 2020

LaSalle IM appoints new CEO of Europe

by Released

LaSalle Investment Management has named Philip La Pierre CEO of Europe.

Transactions | Sep 18, 2020

Mitsui Fudosan Logistics REIT buys two logistics assets in Japan for $737m

by Andrea Zander

Mitsui Fudosan Logistics REIT Management Co., asset management company of Mitsui Fudosan Logistics Park, has acquired two logistics assets in Japan, MFLP Ibaraki and MFLP Kawaguchi I, for ¥77.4 billion ($737 million).

People | Sep 18, 2020

Kennedy Wilson names new head of asset management

by Andrea Zander

Kennedy Wilson has named Claudia Walraven head of asset management. She will have oversight of the company’s growing commercial portfolio across the western United States.

Transactions | Sep 18, 2020

CBRE Global Investors sells Paris office building

by Released

CBRE Global Investors has sold the Antares office building in Paris to an institutional client of DTZ Investors.

Newsline

University of Virginia posts 5.3% return for fiscal year

Texas Permanent commits more than $100m to European real estate funds

Corestate invests in €300m mixed-use German asset for BVK

Illinois TRS earmarks $920m for real assets in FY2021

Michigan pension fund commits to TerraCap Partners V

PAG plans to invest $8b in Japan’s real estate sector

LaSalle IM appoints new CEO of Europe

Mitsui Fudosan Logistics REIT buys two logistics assets in Japan for $737m

Kennedy Wilson names new head of asset management

CBRE Global Investors sells Paris office building

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