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DDR likes to partner with large managers
trueIt's not just funds-of-funds firms that are increasingly combining with REITs and other operating partners to invest in properties.
Contra Costa County Employees commits $35 million to Invesco Real Estate
trueContra Costa County Employees' Retirement Association, Concord, Calif., committed $35 million to Invesco U.S. Value-Add Fund IV, a real estate fund managed by Invesco Real Estate, said CEO Gail Strohl.
Hawaii Employees OKs real estate, infrastructure commitments
trueHawaii Employees' Retirement System, Honolulu, approved $105 million total in real estate commitments and a $50 million infrastructure commitment, said Vijoy Chattergy, chief investment officer.
KKR's assets drop 1.9% in quarter, up 6.5% for year
trueKKR & Co.'s assets under management totaled $96.1 billion as of Sept. 30, a 1.9% drop from three months earlier but a 6.5% increase from a year earlier.
Real estate investors waiting on European banks to sell non-performing loans
trueThe opportunity to invest in non-performing loans to be sold by European banks has not played out, with still a number of distressed loans that could be sold, mainly from Southern Europe, said Olivier Piani, CEO of insurance company Allianz Real Estate, speaking at a panel at the Urban Land ...
Farmland returns fall in Q3
trueFarmland returned 1.45% in the third quarter of 2014, down 28 basis points from the previous quarter and down 149 basis points from the third quarter a year ago. It was the lowest quarterly return since the third quarter of 2010.
Further growth expected in 2015 for real estate — survey
trueClose to 80% of real estate investors and managers expect the volume of equity capital investment in real estate to increase in 2015, said a survey, Emerging Trends in Real Estate 2015, by PricewaterhouseCoopers and the Urban Land Institute, released Wednesday.
Allstate Investments outlines real estate strategy at ULI conference
trueAllstate Investments has altered its real estate investing strategies while also becoming net sellers of properties, bringing the size of its real estate portfolio down to $3.5 billion from $4 billion, said Edgar B. Alvarado, group head, real estate equity for the manager’s $85 billion insurance ...
Private equity index gains 3.1% in first quarter
trueThe Cambridge Associates U.S. Private Equity index returned 3.1% in the first quarter of 2014, the firm said Wednesday. U.S. private equity outperformed its public markets counterpart (as measured by the Wilshire 5000 index) by 163 basis points.
New Orleans mayor creates pension reform group to sustain firefighters plan
trueNew Orleans Mayor Mitch Landrieu signed an executive order establishing a pension reform working group to recommend changes to the New Orleans Fire Fighters Pension & Relief Fund.
Natural resources, venture capital help fuel University of Michigan returns in 2014
trueUniversity of Michigan's endowment returned 18.8% in the year ended June 30. While returns were fueled largely by public equities (its largest allocation), the end6owment's natural resources and venture capital portfolios posted the highest returns.
Phoenix City Employees commits to real estate funds, stays with PIMCO
truePhoenix City Employees' Retirement System committed $30 million each to Northwood Real Estate Partners Series V, a non-core real estate fund managed by Northwood Investors, and Real Estate Capital Asia Partners IV, an opportunistic non-core real estate fund managed by SC Capital Partners.
Evanston Capital Management names business development head
trueLance Donenberg was named principal and head of strategic business development at hedge funds-of-funds manager Evanston Capital Management.
Danish pension funds now required to report hedge fund use
trueDenmark's Financial Supervisory Authority will require pension funds to submit quarterly reports on their alternative investments to track their use of hedge funds, exposure to private equity and infrastructure projects. The decision follows pension funds' failures to account adequately for risks ...
DeAWM closes third secondary fund at $1.66 billion
trueDeutsche Asset & Wealth Management closed its DB Secondary Opportunities Fund III at its $1.66 billion hard cap.