Americas 鈥� Page 203
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News
Portfolio deals on the rise as ING sells Canadian industrial fund
GLOBAL 鈥� Alberta Investment Management Corporation (AIMCo), which manages more than CA$70bn (鈧�51.6bn) for Alberta pension schemes, is to acquire a 50% stake in the CA$2bn ING Summit Fund.
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News
Oklahoma Teachers selects three core managers
GLOBAL 鈥� The Teacher Retirement System of Oklahoma has hired AEW Capital Management, Heitman and L&B Realty Advisors as its open-ended, core commingled fund managers.
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News
Orange County ends separate account relationship with American Realty
GLOBAL 鈥� The Orange County Employees Retirement System has decided to end its separate account relationship with American Realty Advisors.
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News
Malaysian pension fund allocates 鈧�1.2bn to UK property
GLOBAL 鈥� Malaysia's first-pillar pension scheme has allocated 拢1bn (鈧�1.2bn) to UK real estate in expectation of a long-term annual yield of 6-7%.
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News
Dutch manager PGGM moves into US retail amid rising residential prices
NETHERLANDS 鈥� PGGM is to expand its focus from US housing to retail, citing growing demand for residential and supply scarcity.
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News
Mexico's Afores commits 鈧�231m to industrial strategy
MEXICO 鈥� The Administradoras de Fondos de Pensiones (Afores), which manages Mexico's private pension fund system, has continued to increase its exposure to alternatives by committing capital to an industrial real estate fund.
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News
CPPIB, Future Fund recapitalise Australian shopping centre fund
GLOBAL 鈥� Canada Pension Plan Investment Board (CPPIB) and Australia's Future Fund have helped recapitalise a flagship Australia shopping centre fund by agreeing to invest A$750m (鈧�524m) between them.
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News
US real estate emerges from downturn, but investors still unsure
US 鈥� Capital value movements have returned to positive territory in the US after two and a half years of write-downs, but economic doubts are preventing a rush of capital from investors, according to Investment Property Databank (IPD).
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News
LACERA earmarks $350m for real estate investment
GLOBAL 鈥� The Los Angeles County Employees Retirement Association (LACERA) has approved its real estate investment plan for the 2010-11 fiscal year, provisionally earmarking $350m (鈧�277m) for investment.
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News
Nebraska puts $63m into core commingled funds
GLOBAL 鈥� The Nebraska Investment Council (NIC) has approved $63m (鈧�49.6m) worth of real estate commitments into core open-ended commingled funds.
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News
New index rates London City offices 'hottest' CRE market
GLOBAL 鈥� A new commercial property index launched in London this week found London City offices to be the world's most attractive commercial real estate market, underpriced by 11.6%.
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News
NYSTRS makes $50m allocation to Cornerstone fund
GLOBAL 鈥� The $72.5bn (鈧�52bn) New York State Teachers鈥� Retirement System (NYSTRS) has approved a $50m commitment to the Cornerstone Patriot Fund, a commingled fund managed by Cornerstone Real Estate Advisers.
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News
Growth in distressed sales begins to moderate
GLOBAL 鈥� The growth in distressed real estate transactions has slowed according to research from the Royal Institution of Chartered Surveyors (RICS).
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News
Standard Life Investments makes pair of direct buys in Brazil
GLOBAL 鈥� Standard Life Investments (SLI) has built up its global fund's exposure to the Brazilian office sector with two direct acquisitions.
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News
Oklahoma Teachers to invest $425m in core strategy
GLOBAL 鈥� The Teacher Retirement System of Oklahoma is planning to invest $425m (鈧�324.1m) into a core, open-ended commingled fund strategy.
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Magazine
Rising power
Latin America鈥檚 greater economic and political stability is catching the eyes of investors, as Stephanie Schwartz-Driver reports
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Magazine
Viewpoint: Affordable opportunity
Brazil has been on a steady path of low inflation, declining real interest rates and a consolidation of the institutionalization of fiscal stability. As world markets suffered through recession during 2009 and the first half of this year, the strong growing domestic market brought Brazil to a 10% annualised GDP ...
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News
Brookfield Properties reinvents self, invests $1.4bn in offices
GLOBAL 鈥� Brookfield Properties is planning to invest more than $1.4bn (拢885m) in 16 offices across Australia held by Brookfield Asset Management and reposition itself into a "global, pure-play office property company".
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News
European institutional investors thinking twice about US
GLOBAL 鈥� Concerns over the fragility of the US economic recovery have caused European institutional investors to reassess the attractiveness of the country's real estate market.
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News
Texas Teachers earmarks $1.1bn for real estate investment
GLOBAL 鈥� The Teacher Retirement System of Texas has approved $1.1bn (鈧�849.5bn) worth of new commitments to real estate.
