The manager of the €506 billion Norwegian Government Pension Fund Global has purchased a half-stake in a five-strong portfolio of Grade A offices in New York, Washington and Boston from TIAA-CREF.
2 min read · 27 August 2013
US fund managers will broadly welcome dramatic events in Ireland, the Netherlands and Spain this past week as evidence that Europe is finally sorting itself out…but it is not evidence of a sudden wave of sales to come
3 min read · 27 August 2013
The Chicago-based real estate investment firm has partnered with Brandywine Realty Trust and Campus Crest Communities to build a 33-story student housing tower in the city’s University City submarket for nearly $160 million.
2 min read · 27 August 2013
In this month’s issue of PERE, we talk with the Asia team at The Blackstone Group just as they prepare to ramp up their investment activities in the region.
3 min read · 27 August 2013
Eight months after igniting plans to expand its investment horizons to other areas of private equity, the China Resources-owned platform has hauled RMB956 million from Chinese investors for a fund wrapped around a residential development in Shanghai.
2 min read · 27 August 2013
The New York-based real estate investment advisor has closed on approximately $120 million in equity to invest predominantly in residential properties in the US, although the firm has the ability to invest in commercial real estate as well.
2 min read · 27 August 2013
In his first interview with PERE since Deutsche Bank’s strategic review of its asset management division in 2011, RREEF Alternatives chief Pierre Cherki says the group will expand upon its investor base by encompassing retail clients and will offer a broad range of products addressing investors’ needs.
3 min read · 27 August 2013
The Chicago-based private equity real estate firm has named Tom Heneghan, former chief executive of Equity LifeStyle Properties, to fill the position vacated by co-founder and former CEO Gary Garrabrant last fall.
2 min read · 27 August 2013
The $21 billion state workers compensation program has made its first value-added real estate investment for its portfolio as part of its plan to commit $50 million each to eight non-core real estate funds over the next three years.
2 min read · 27 August 2013
The Singapore-listed logistics real estate developer and investment manager and the Canadian pension fund have committed an additional $316 million of equity each to their GLP Japan Development Venture.
2 min read · 27 August 2013
