Americas 鈥� Page 202
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News
GID takes over CalPERS apartment portfolio from BlackRock
GLOBAL 鈥� GID Investment Advisers has taken over the management of a core multi-family residential portfolio from BlackRock Realty Advisors on behalf of the $212bn (鈧�152bn) California Public Employees' Retirement System (CalPERS).
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CalSTRS invests $370m into real estate during second quarter
GLOBAL 鈥� The California State Teachers Retirement System made $370m (鈧�270m) worth of new real estate investments during the second quarter.
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Oregon Retirement Fund considers larger commitments, club funds
GLOBAL 鈥� The Oregon Public Employees Retirement Fund is exploring the possibility of making larger investments into either commingled funds or separate accounts.
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Texas Teachers approves $500m investment in retail REIT
GLOBAL 鈥� The Teacher Retirement System of Texas has approved a $500m (鈧�371m) investment into General Growth Properties (GGP).
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Wisconsin commits $75m to Mesa West debt fund
GLOBAL 鈥� The Wisconsin State Investment Board has made a $75m (鈧�56m) commitment to the Mesa West Real Estate Income II commingled fund.
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Korea's National Pension Service goes global with $300m US mandate
GLOBAL 鈥� The National Pension Service (NPS) of Korea has hired The Townsend Group to invest $300m (鈧�222m) of its capital opportunistically in the Americas.
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News
Texas Teachers makes $300m commitment to US Government Building Fund
GLOBAL 鈥� The Teacher Retirement System of Texas has become the lead investor in the recently closed US Government Building Fund after Texas Teachers approved a $300m (鈧�230.2m) allocation to the fund.
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San Diego County makes $200m commitment to core fund
GLOBAL 鈥� The San Diego County Employees Retirement Association (SDCERA) has approved a $200m (鈧�152m) commitment into the JP Morgan Strategic Property fund.
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News
CalPERS continues Brazilian joint venture with Hines
GLOBAL 鈥� The $210bn (鈧�158bn) California Public Employees Retirement System (CalPERS) has given its latest endorsement to Hines' Brazilian real estate expertise by committing to the third in a series of joint ventures in the South American market.
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News
CPPIB swoops on eight shopping centres
GLOBAL 鈥� The Canada Pension Plan Investment Board (CPPIB) has spent C$230.5m (鈧�167m) to acquire interests in eight shopping centres in Canada.
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UN pension fund outsources listed real estate investments
GLOBAL 鈥� The United Nations Joint Staff Pension Fund (UNJSPF) is seeking a fund manager to run its portfolio of listed real estate securities.
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News
Henderson launches fifth US apartments fund
US 鈥� Henderson Global Investors is planning to launch a fifth fund targeting the US multi-family market, which it has identified as the best-positioned sector in the country.
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Cross-border investment returns to pre-crisis levels
GLOBAL 鈥� Commercial real estate transactions have almost doubled around the world from last year, and cross-border investment has returned to pre-crisis levels, according to Jones Lang LaSalle (JLL).
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Korea's NPS boosts European real estate strategy by $400m
GLOBAL 鈥� The National Pension Service (NPS) of Korea has committed a further $400m (鈧�306m) capital to Rockspring Property Investment Managers to invest in European real estate markets.
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News
San Bernardino County expands into global REITs
GLOBAL 鈥� The San Bernardino County Employees Retirement Association has approved a recommendation to allocate 20% of its real estate portfolio to public REITs, amounting to approximately $75m (鈧�58.4m).
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News
LACERA issues RFI for real estate debt managers
GLOBAL 鈥� The Los Angeles County Employees Retirement Association has approved a Request for Information (RFI) for managers interested in participating in a search for real estate debt strategies.
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News
Ohio Police and Fire Pension Fund to issue redemption queues
GLOBAL 鈥� The Ohio Police and Fire Pension Fund has begun the process of filing redemption queue requests for two of its commingled funds.
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Virginia invests $425m into real estate portfolio
GLOBAL 鈥� The Virginia Retirement System has added $425m (鈧�330m) worth of real estate investments to its portfolio through two deals.
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Multi-manager ING RE Select to deploy 鈧�500m in US, Asia
GLOBAL 鈥� European institutional investors have committed close to 鈧�500m this year to US and Asian real estate through ING Real Estate's multi-manager investment business.
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MagazineWaiting for distress
Expectations of distress are keeping transaction volumes down and investors on the sidelines, as Stephanie Schwartz Driver reports
