North American Investors News 鈥� Page 220
-
News
US housing recovers 鈥� but tax regulations deter foreign investors
UNITED STATES 鈥� The residential market in the US is recovering, but foreign investors will not be placed to capitalise on opportunities unless government tax restrictions are lifted.
-
News
Mass PRIM rebuilds timber portfolio
UNITED STATES - Massachusetts Pension Reserves Investment Management Board (Mass PRIM) is to invest a further $500m ($376m euros) in US timber after selling a $700m section of its portfolio approximately three years ago.
-
News
CalPERS takes social action to protect rent rates for lower-income households
UNITED STATES 鈥� The California Public Employees鈥� Retirement System (CalPERS) is seeking to prohibit excessive rent increases and involuntary displacement of low-income households in its US multi-family residential investments.
-
News
Nebraska to tap discounted real estate secondary market
UNITED STATES - Nebraska Investment Council has approved a $40m (鈧�29.4m) investment into the Landmark Real Estate Partners VI commingled fund.
-
News
Oklahoma Teachers to make core first play in real estate
UNITED STATES - Teachers鈥� Retirement System of Oklahoma will make an investment in core open-ended commingled funds as its first ever move into real estate.
-
News
US and European investors reveal different gearing interests
GLOBAL 鈥� Appetite for gearing levels in real estate funds has diverged between European institutional investors and those based in the US, according to a multi-manager.
-
News
Rothschild Realty sees fresh prospects for US housing
UNITED STATES - Rothschild Realty Managers has made a $100m (鈧�74.9m) equity investment with Summit Housing Partners based in Montgomery, Alabama, on the back of renewed confidence in the housing market.
-
News
Chicago Policemen eye non-core opportunities
UNITED STATES 鈥� The Policemen鈥檚 Annuity and Benefit Fund of Chicago has issued a Request for Proposal for non-core real estate managers.
-
News
Santa Barbara County opens separate account search
UNITED STATES - Santa Barbara County Employees Retirement System has approved a Request for Information to hire a discretionary separate account real estate manager.
-
News
Illinois State to boost real estate holdings by $300m
UNITED STATES - Illinois State Board of Investment has approved plans to invest $300m (鈧�223.1m) in real estate in 2010.
-
News
Pennsylvania Public School increases allocation to real estate
UNITED STATES - Pennsylvania Public School Employees鈥� Retirement System has decided to increase its targeted allocation for real estate from 8% to 10.5%. Most of the increase will be funded by the elimination of the pension fund鈥檚 1.5% allocation to public REITs. Pennsylvania Public School ...
-
News
BRIC-built recovery expected - JLL
GLOBAL 鈥� The BRIC countries will lead the global real estate market recovery as their economic expansion boosts occupier demand across all sectors and cross-border investment returns, according to Jones Lang LaSalle (JLL).
-
News
CalPERS to invest $1.3bn in infrastructure in 2010
UNITED STATES - California Public Employees Retirement System wants to invest as much as $1.3bn (鈧�961.5bn) in infrastructure during 2010.
-
News
Texas Teachers seeks growth in agriculture
UNITED STATES - Teacher Retirement System has made its first ever investment in agriculture with a $250m (鈧�145.9m) commitment into the AG Real Value Fund, managed by Teay鈥檚 River Investments.
-
News
Arizona Public Safety takes opportunistic strategy in real estate
UNITED STATES - Arizona Public Safety Retirement System intends to make at least two more real estate commitments to commingled funds by investing through a US opportunistic strategy in 2010.
-
News
German pension funds find a way to tap core US real estate
US/GERMANY 鈥� Invesco Real Estate has raised $120m (鈧�87m) from four German institutional investors to invest in core US real estate.
-
News
Ohio PERS to invest $1.6bn in real estate
UNITED STATES - Ohio Public Employees Retirement System will allocate $1.6bn (鈧�1.2bn) in real estate this year and will be targeting stable assets as well as motivated sellers in particular.
-
News
NYSTRS signs CMBS managers to new contracts
UNITED STATES 鈥� The New York State Teachers Retirement System has signed new contracts with BlackRock Financial Management and ING Clarion Capital to manage commercial mortgage_backed securities (CMBS) investments.
-
News
Washington State creates its own real estate benchmark
UNITED STATES - Washington State Investment Board has dropped the NCREIF Property Index as the return benchmark it applied to its real estate portfolio.
-
News
Indiana PERF sees potential in real estate debt
UNITED STATES - Indiana Public Employees鈥� Retirement Fund has approved two investments in real estate debt totalling $230m (鈧�169.9m).
