The Teacher Retirement System (TRS) of Texas has committed to the second closing of London-based Tristan Capital Partners’ European Property Investors Special Opportunities 3 (EPISO3) fund. The firm has now raised more than €300m.
2 min read · 28 August 2013
Ellis Short, who was a leading principal at private equity real estate titan Lone Star Funds, has formed a new firm and is aiming to corral $1 billion for investments in distressed real estate assets and non-performing debt in Europe.
2 min read · 28 August 2013
The hire of Bryan Southergill to be KKR’s first Asia real estate head is another step in the wider trend of private equity firms replacing investment banks as the region’s real estate heavyhitters.
3 min read · 28 August 2013
The takeover sees Ares finally confirm itself as “a significant player” in the private equity real estate market following prior links with large corporate acquisitions.
3 min read · 28 August 2013
The $15.6 billion pension plan intends to shift its focus from real estate to real assets and is in the process of seeking a new consultant to help find such investments. SFERS also recently committed $40 million to Berkshire Property Advisors’ latest multifamily fund.
2 min read · 28 August 2013
The Los Angeles-based asset manager has teamed up with Citibank to raise $200 million in equity to invest in underserved communities throughout California, Texas and Illinois. With leverage, the fund is positioned to acquire and manage up to $800 million in multifamily communities.
2 min read · 28 August 2013
The $40.5 billion pension plan has allocated $200 million each to three firms that have been selected for a real estate equity manager mandate.
3 min read · 28 August 2013
The New York-based private equity and real estate giant is selling a 1.1 million-square-foot office park in Burlington, Massachusetts to a pair of Boston-based owner-operators.
1 min read · 28 August 2013
The real estate arm of GE and the Canadian pension fund will commit an initial $403 million to a Japanese joint venture targeting Tokyo offices. The JV marks CPPIB’s second real estate partnership in Japan.
2 min read · 28 August 2013
The New York-based alternatives investment firm has held a first close for AG Net Lease Realty Fund III, a value-added vehicle targeting $750 million.
2 min read · 28 August 2013
