Investors | May 14, 2014 IN-DEPTH: Brookfield enters into JV with MetLife on Denver office property by Andrea Waitrovich Brookfield Office Properties has entered into a 50-50 joint venture partnership with MetLife Real Estate Investors for the ownership of the Republic Plaza office building in Denver.
Investors | May 14, 2014 Texas Teachers commits $200m to value-added real estate by Reg Clodfelter The $126.1 billion Teacher Retirement System of Texas has committed $200 million to CBRE Strategic Partners U.S. Value 7.
Fundraising | May 14, 2014 Wheelock holds $625m close for opportunistic fund by Andrea Waitrovich Wheelock Street Capital has held a $625 million final close for its second real estate fund.
Fundraising | May 13, 2014 2014 fundraising off to a great start by Denise Dechaine Fundraising activity started the year with a bang as 23 funds wrapped up their marketing efforts in the first quarter with an aggregate $21.7 billion, according to data collected by the Institutional Real Estate FundTracker database.
Investors | May 13, 2014 NYSTRS invests $100m in real estate, renews REIT managers by Reg Clodfelter The $104.3 billion New York State Teachers' Retirement System was active with its real estate portfolio at a recent board meeting, investing $100 million in a separate account with Grosvenor Capital Management Customized Fund Investment Group and renewing agreements with three of its REIT/REOC managers.
Research | May 13, 2014 Open-end funds down in first quarter by Reg Clodfelter Open-end funds had a 2.62 percent return in the first quarter 2014, a year-over-year drop of 10 basis points and a 69 basis point drop from fourth quarter 2013, according to the National Council of Real Estate Investment Fiduciaries, which has released the first quarter results for the NCREIF Fund Index - Open End.
People | May 13, 2014 Clarion Partners founder retires by Andrea Waitrovich Frank Sullivan, one of the founders of Clarion Partners, has plans to retire as managing director at the end of the month.
Investors | May 12, 2014 Indiana commits $215m to real estate by Reg Clodfelter The Indiana Public Retirement System has committed $215 million to three real estate funds.
Transactions | May 12, 2014 Cerberus offloads 51 hotel properties for $1.3b by Andrea Waitrovich Cerberus Capital Management has completed the sale of the 51-property, 6,847-room Innkeepers portfolio.
Investors | May 12, 2014 Prudential adds two to global marketing and communications team by Reg Clodfelter Prudential Real Estate Investors has added Alyson Barnes and Erica Platt to its global marketing and communications team, based in New York City.
Investors | May 9, 2014 Ohio School Employees commits $250m to infrastructure and real estate by Reg Clodfelter The $12.26 billion School Employees Retirement System of Ohio has committed $200 million to IFM Global Infrastructure Fund, managed by IFM Investors, and $50 million to Lion Industrial Trust, managed by Clarion Partners.
Transactions | May 9, 2014 Recent commercial real estate transactions by Andrea Waitrovich The largest transactions included three office properties in New York City and Michigan.
Fundraising | May 8, 2014 OFS Energy holds $175m close by Andrea Waitrovich, released 4/25/24 OFS Energy Fund has completed a one-and-done closing on its third private equity fund, OFS Energy Fund III.
Investors | May 8, 2014 Delaware commits $40m to value-added real estate by Reg Clodfelter The Delaware Public Employees Retirement System has committed $40 million to Marcus Partners Fund II, a U.S.-focused value-added fund managed by Marcus Partners, according to board documents.
Fundraising | May 8, 2014 Meadow Partners launches third fund by Andrea Waitrovich Meadow Partners is marketing its third real estate fund, according to a filing with the SEC.
Fundraising | May 7, 2014 Trilantic launches $500m energy fund by Andrea Waitrovich Trilantic Capital Partners is marketing its first fund focused on North American energy, according to a filing with the SEC.
Transactions | May 7, 2014 Mirae JV sells Seoul office tower to SWF by Andrea Waitrovich A joint venture between Mirae Asset Financial Group, Woori Financial Group and KDB Life Insurance has sold the Euljiro Mirae Asset Tower in Seoul for $447 million.
Transactions | May 7, 2014 Gaw enters Seoul with mixed-use project by Andrea Waitrovich Gaw Capital Partners has made its first investment in Seoul with the acquisition of the office, retail and "officetel" portions of a twin tower building, Dongja 8.
Fundraising | May 7, 2014 DivcoWest holds $976m final close for fourth fund by Reg Clodfelter DivcoWest has had a $976 million final close on DivcoWest Fund IV.
Investors | May 7, 2014 SBCERA gives go-ahead on commitment, consultant consolidation by Reg Clodfelter The San Bernardino County (Calif.) Employees' Retirement Association has approved recommendations proposed last month to commit $50 million to Invesco Real Estate Asia and to terminate its contract with The Townsend Group for real estate consulting services.
