Investors | May 30, 2014 NYSCRF commits $500m to Artemis by Andrea Waitrovich The $160.7 billion New York State Common Retirement Fund has made a $500 million commitment to expand its emerging manager separate account with Artemis Real Estate Partners.
Investors | May 29, 2014 Chicago Teachers commits $50m to industrial real estate by Reg Clodfelter The Chicago Teachers' Pension Fund has committed $50 million, divided between two commitments.
Investors | May 29, 2014 MassPRIM considers commitment of $50m to DivcoWest co-investments by Reg Clodfelter The real estate and timberland committee for the Massachusetts Pension Reserves Investment Management Board, which manages Massachusetts' $58.2 billion pension reserves investment trust fund, has approved a recommendation for an allocation of up to $50 million to DivcoWest IV co-investment opportunities.
Fundraising | May 29, 2014 RockBridge raises $220m for hospitality fund by Reg Clodfelter Hospitality specialist RockBridge has raised $219.9 million for RockBridge Hospitality Fund VI, according to a filing with the SEC.
Fundraising | May 28, 2014 Ohio SERS looks to increase real assets investment in 2014, 2015 by Reg Clodfelter The $12.3 billion School Employees Retirement System of Ohio is looking to increase its real assets allocation, which is currently at 10.6 percent, to up to 12 percent by the end of fiscal year 2014 and up to 15 percent by the end of fiscal year 2015.
Investors | May 28, 2014 Connecticut commits $50m to value-added real estate, considers $100m more by Reg Clodfelter Connecticut State Treasurer Denise Nappier has green-lighted a commitment worth up to $50 million to Cypress Acquisition Partners Retail Fund, managed by Cypress Equities, on behalf of the $28.5 billion Connecticut Retirement Plans and Trust Funds.
Transactions | May 28, 2014 Fibra Uno acquires Mexican property portfolio for $2b by Andrea Waitrovich Fibra Uno, a Mexican REIT, has acquired a portfolio of 15 properties across Mexico known as R15.
Transactions | May 28, 2014 IN-DEPTH: Strategic Hotel buys remaining stake in San Diego hotel for $210m by Andrea Waitrovich Strategic Hotels & Resorts has agreed to acquire the remaining 63.6 percent ownership interest in the 757-room Hotel del Coronado in San Diego for $210 million.
Investors | May 28, 2014 TRSL commits $75m to opportunistic debt by Reg Clodfelter The Teachers' Retirement System of Louisiana has committed $75 million to Colony Distressed Credit & Special Situations Fund III, an opportunistic debt fund managed by Colony Capital.
People | May 27, 2014 SFERS' senior real estate portfolio manager to retire by Reg Clodfelter Lindsey Adams, the senior portfolio manager of the San Francisco Employees' Retirement System's $1.7 billion real estate portfolio, will be retiring at the end of May.
Fundraising | May 27, 2014 Ohio Police & Fire increases target allocation to MLPs by Reg Clodfelter The $14.2 billion Ohio Police & Fire Pension Fund has increased its target allocation to master limited partnerships from 5 percent to 8 percent of the total portfolio.
Investors | May 27, 2014 PREI adds to marketing team by Reg Clodfelter Prudential Real Estate Investors has added Marcus Berry to its U.S. business development and marketing department as a vice president.
Transactions | May 23, 2014 IN-DEPTH: Carter REIT acquires data center for $211m by Andrea Waitrovich Carter Validus Mission Critical REIT has paid $211 million, or $843 per square foot, for CH2 Data Center in Melrose Park, Ill.
Transactions | May 23, 2014 Oxford venture to buy Manhattan property for $545m by Andrea Waitrovich A venture between Crown Acquisitions and Oxford Properties Group, the real estate arm of the Ontario Municipal Employees Retirement System, has plans to buy the 33-story building at 450 Park Ave. in Manhattan for $545 million.
Transactions | May 23, 2014 Recent commercial real estate transactions by Andrea Waitrovich The largest transaction was a property in Las Vegas.
Investors | May 22, 2014 Texas ERS aims to commit $325m to real estate during fiscal year by Reg Clodfelter The approximately $25 billion Employees' Retirement System of Texas is aiming to commit at least $325 million to real estate in three to 15 deals during fiscal year 2015.
Transactions | May 22, 2014 GPT buys four Australian office assets for $900m by Andrea Waitrovich GPT Wholesale Office Fund, managed by GPT Group, has agreed to acquire four Australian office assets for a total property value of A$968.2 million ($896.9 million) from Dexus Property Group and the Canada Pension Plan Investment Board.
Transactions | May 22, 2014 Three NYC properties sell in two separate deals for $1.3b by Andrea Waitrovich BNY Mellon has sold a 1.1 million-square-foot building in Manhattan for $585 million, while Empire State Realty Trust has acquired two NYC office buildings totaling 1.6 million square feet for $734 million.
Transactions | May 22, 2014 Plenary sells 25 percent interest in $325m Australian mall by Andrea Waitrovich Plenary Group has sold a 25 percent partial interest in DFO Southwharf, a 695,819-square-foot mall in South Wharf, Australia, to Colonial First State Retail Property Trust.
Fundraising | May 22, 2014 Energy & Minerals raises more than $3b for third fund by Andrea Waitrovich Energy & Minerals Group has been marketing a third fund to invest globally in the oil, gas, iron ore and coal mining sectors.
