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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.
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 ...
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.
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.
University of Michigan earmarks $102 million; returns 18.8% in FY
trueUniversity of Michigan, Ann Arbor, committed a total of $101.8 million to five alternative investment funds and one co-investment opportunity, and also reported its fiscal year returns.
Blackstone's AUM up 15% for the year
trueBlackstone Group's assets under management totaled $284 billion as of Sept. 30, up 1.8% from $279 billion in the second quarter and up 15% from the previous year, the alternative investment firm reported Thursday.
PIMCO upheaval opens doors for real assets firms
trueYears of low bond yields got real asset managers talking to asset owners looking for an alternative income source, but William H. Gross' departure from Pacific Management Investment Co. LLC has supercharged the conversations.
Caisse invests in Manulife's new home
trueCaisse de Depot et Placement du Quebec, Montreal, and Manulife Financial reached agreement to build a new home for the combined staff of Manulife and Standard Life Investments' Canadian operations, which Manulife is acquiring.
Quebec's Caisse to invest up to $500 million in Mexican real estate
trueCaisse de Depot et Placement du Quebec, Montreal, through its Ivanhoe Cambridge real estate subsidiary, will invest up to US$500 million in mixed-use real estate in Mexican cities.
Study shows returns of listed REITs beat other asset classes
trueReal estate investment trusts offered the highest net return of all asset classes for 900 corporate and public defined benefit plans between 1998 and 2011, says a soon-to-be-released study by research firm CEM Benchmarking Inc.