The $1.7bn pension started investing in real estate just three years ago, however it is now considering increasing its target allocation by 3% and investing in international real estate for the first time. The plan said it was 'shutting off two-thirds' of the world by focusing on the US.
2 min read · 22 January 2013
The Canadian pension has set aside an additional C$1.4bn to invest with opportunistic fund managers, and directly, targeting US and UK distressed real estate.
2 min read · 22 January 2013
The private equity real estate firm has picked up a 494-unit apartment complex in Atlanta, Georgia. The deal follows close on the heels of its acquisition last month of two multifamily properties in Connecticut.
1 min read · 22 January 2013
The Spanish construction company will finance, design and build additions to Florida's I-595 corridor in the next five years and then operate and maintain it for an additional 30 years. Florida will control the rates and collect tolls.
2 min read · 22 January 2013
George Bilicic, who joined KKR in May, will rejoin Lazard as chairman of its power, utilities and infrastructure practice. A source said Bilicic was leaving the firm over differences about how KKR should build its infrastructure team.
2 min read · 22 January 2013
The $64bn Daido Life Insurance Company is eyeing the US real estate and credit markets owing to "opportunities" it said were created by the recent market downturn.
1 min read · 22 January 2013
The Helios AR Real Estate Fund I will focus on investments in the Southeast and Mid-Atlantic US across the office, industrial, retail and related property sectors. Chairman and CEO Michael Adler said market conditions made it important to have discretionary funds available.
1 min read · 22 January 2013
The New York-based private equity real estate firm has changed its name to AREA Property Partners, effective from January next year, following Leon Black’s decision to expand his Apollo Global buyout shop into the real estate space.
2 min read · 22 January 2013
The city will look to invest in domestic infrastructure funds after making an initial investment in the asset class earlier this year and taking a beating in its US equity allocation.
2 min read · 22 January 2013
US and European LPs say they are continuing to grow their mandate for real estate, with private equity the investment vehicle of choice, according to a survey by JER.
1 min read · 22 January 2013
