The $22.3 billion pension system plans to significantly boost the size of its real estate portfolio over the next two fiscal years, focusing primarily on non-core investments. Thereafter, however, it expects to pull back on additional investments to the asset class.
3 min read · 17 January 2013
GPs operating in Singapore may welcome the credibility that will be provided by an updated funds regime, but have just six months to prepare for its implementation.
2 min read · 17 January 2013
The global property investment firm has raised €70 million in commitments from four German investors for its €500 million-plus European Retail Fund.
1 min read · 17 January 2013
Qatar Investment Authority-owned investment company Qatar Holding has purchased almost a quarter of the Hong Kong-based private equity and real estate firm further diluting the ownership by CITIC Holdings subsidiaries and sovereign wealth fund CIC.
2 min read · 17 January 2013
Bruce Feldman, former head of alternatives at the Pennsylvania State Employees’ Retirement System, saw the industry tilting toward ‘key’ LPs.
2 min read · 17 January 2013
The New York-based real estate firm has purchased a two-tower, 891-unit multifamily complex out of bankruptcy for $168 million. The property’s debt stack was approximately $215 million.
2 min read · 17 January 2013
The New York-based real estate investment firm is looking to raise $650 million in commitments for Savanna Real Estate Fund III, which will target distressed office properties in prime cities such as New York, Washington DC and Boston.
1 min read · 17 January 2013
The $19.5 billion pension plan, which currently invests in the asset class through commingled funds, is examining the expansion of its real estate portfolio to include co-investments.
2 min read · 17 January 2013
The White Plains, NY-based real estate investment trust, which has a private fund arm, has exceeded its $500 million target for its opportunistic and value-added fund just three months after the vehicle’s launch.
2 min read · 17 January 2013
PERE magazine has been publishing for seven years, and we are itching to serve you better. To that end, we are launching a readership survey so you can let us know what you think about our coverage of the industry. Complete it, and you can win an Amazon Kindle for your trouble.
2 min read · 17 January 2013
