Transactions | Jul 3, 2014 ARCP buys industrial portfolio for $295m by Andrea Waitrovich American Realty Capital Properties has acquired a 2.5 million-square-foot industrial portfolio of energy-sector properties from Houston-based Mesa Real Estate Partners, for $295 million.
Transactions | Jul 3, 2014 Blackstone buys assets on three continents by Andrea Waitrovich The Blackstone Group has continued its high-priced spending. This week the firm has completed several acquisitions in three separate transactions on three continents.
Investors | Jul 3, 2014 Ohio SERS to increase allocation to real assets, focus on core by Reg Clodfelter The $12.3 billion School Employees Retirement System of Ohio has released its fiscal year 2015 investment plan, which details more specifically its strategy for upping its allocation to real assets to 15 percent (from 12 percent in fiscal year 2014 and 10 percent in fiscal year 2013) by the end of fiscal year 2015.
Fundraising | Jul 2, 2014 Cypress Equities has $400m final close on retail fund by Reg Clodfelter Dallas-based Cypress Equities has had a $400 million final close on Cypress Acquisition Partners Retail Fund, a value-added fund that will invest in retail assets across the United States.
Fundraising | Jul 2, 2014 Sparinvest holds €317m close for fund of funds by Andrea Waitrovich Copenhagen-based real estate firm Sparinvest Property Investors has held a €317 million ($433 million) close for its Sparinvest Property Fund III.
Investors | Jul 2, 2014 IPERS makes changes to real estate policy, reduces core target by Reg Clodfelter The $24.2 billion Iowa Public Employees' Retirement System made a handful of changes to its real estate investment policy at its most recent board meeting, including reducing its target to core real estate.
Investors | Jul 2, 2014 Lowe JV sells Seattle hotel for $127m by Andrea Waitrovich Lowe Enterprises Investors has sold a Seattle hotel on behalf of a national hotel investment venture with The Guardian Life Insurance Company of America and a subsidiary of Allstate Insurance Co.
Transactions | Jul 1, 2014 GSH consortium buys Singapore office for $438m by Andrea Waitrovich A partnership between GSH Properties, Vibrant Group and TYJ Group has purchased Equity Plaza in Singapore for S$550 million.
People | Jul 1, 2014 Landmark hires Geoff Mullen as principal by Reg Clodfelter Landmark Partners has hired Geoff Mullen, formerly a managing director at Morgan Stanley Alternative Investment Partners, as principal with the firm.
Fundraising | Jul 1, 2014 New Jersey looks to shift real estate allocations by Reg Clodfelter According to its fiscal year 2015 investment plan, the New Jersey Division of Investment is looking to raise its allocation to real estate equity and private real assets, and subsequently reduce its allocation to real estate debt.
Investors | Jun 30, 2014 Pennsylvania Teachers commits to real estate debt, natural gas by Reg Clodfelter Pennsylvania's Public School Employees' Retirement System has committed $150 million to real estate debt, as well as $100 million to natural gas.
Transactions | Jun 30, 2014 BlackRock property fund sells retail real estate portfolio in Germany by Andrea Waitrovich The BlackRock Europe Property Fund III, part of BlackRock's real estate business, has sold its stake in companies holding a portfolio of around 70 retail stores in Germany to GIG Grundbesitz Immobilien and GIG Grundbesitz Beteiligungs.
People | Jun 30, 2014 SFERS searches for real assets consultant, launches program by Reg Clodfelter The $19 billion San Francisco City and County Employees' Retirement System is currently searching for a consultant for its newly formed real assets portfolio.
M&G Real Estate pays $522m for RBS headquarters by Andrea Waitrovich M&G Real Estate has purchased the two-building RBS headquarters in Manchester, England, for £306 million ($521.9 million).
Transactions | Jun 30, 2014 Manhattan apartment complexes sell for $500m by Andrea Waitrovich Joint venture partners Stellar Management and Chetrit Group have paid $500 million for two midrise and high-rise apartments.
Transactions | Jun 27, 2014 Recent commercial real estate transactions by Andrea Waitrovich The largest transaction was an office property in New York City.
Investors | Jun 26, 2014 Texas C&D commits $100m to real estate, $70m to infrastructure by Reg Clodfelter The $23.5 billion Texas County & District Retirement System committed $100 million to real estate and infrastructure.
Transactions | Jun 26, 2014 J.P. Morgan buys three San Francisco assets for $415m by Andrea Waitrovich J.P. Morgan has purchased a three-property portfolio from Jamestown for approximately $415 million. All the properties are located in San Francisco and blocks from each other.
Investors | Jun 26, 2014 NBIM to invest $9b annually in real estate through 2016, begin investing in infrastructure by Reg Clodfelter Norway's $885 billion Government Pension Fund Global, managed by Norges Bank Investment Management, is planning to invest 1 percent of its total fund - roughly $8.8 billion - into global real estate each year until 2016, and will begin investing in infrastructure for the first time, according to its recently released 2014 -2016 strategic investment plan.
Investors | Jun 26, 2014 Canadian pension funds buy Manhattan office properties by Andrea Waitrovich Two Canadian pension funds have invested in two Manhattan office assets in separate deals.
