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Blackstone hires principal to oversee real estate secondaries business
trueMark Burton was hired as a principal in Blackstone Group's Strategic Partners business to oversee the firm's real estate secondaries business, said a statement today from Blackstone.
Private real estate gains 2.9% in second quarter
trueThe NCREIF Property index gained 2.9% in the second quarter of 2014, composed of 1.4% income return and 1.5% capital appreciation.
AustralianSuper taps ISPT, QIC for domestic residential property investments
trueAustralianSuper selected ISPT and QIC to manage the A$75 billion (US$71 billion), Melbourne-based industry superannuation fund's direct investments in residential property development projects in Australia.
Schroders adds real estate capital chief
trueChris Ludlam joined Schroder Property Investment Management as head of real estate capital, said a spokeswoman.
Deutsche Asset & Wealth Management names Japan real estate head
trueKoichiro Maeda joined Deutsche Asset & Wealth Management in Tokyo as managing director and head of real estate, Japan, a spokeswoman confirmed Wednesday.
Paladin hires senior analyst for Latin America
trueDaniel Sklar was named senior analyst at Paladin Realty Partners, said Alex J. Stockham, spokesman.
Farmland returns decline in second quarter
trueThe National Council of Real Estate Investment Fiduciaries index returned 1.73% in the second quarter, a decline from 2.41% in the first quarter and down from 1.97% in the second quarter of 2013.
Co-investing entering new arena: Hedge funds
trueInstitutional investors increasingly are translating co-investment experience in private equity, real estate, infrastructure and energy funds to their hedge fund portfolios.
Texas Permanent commits $225 million to 3 real estate funds
trueTexas State Board of Education approved the recommendation of its finance committee to commit a total of $225 million to three real estate managers from the $30.2 billion Texas Permanent School Fund, Austin.
Louisiana Teachers earmarks $200 million to 3 managers
trueLouisiana Teachers’ Retirement System, Baton Rouge, made three new commitments totaling up to $200 million, said Dana Brown, director of public markets.
Pennsylvania Turnpike opens search for GTAA, hedge fund, real estate managers
truePennsylvania Turnpike Commission, Harrisburg, is searching for global tactical asset allocation, hedge fund of funds and value-added real estate managers for its $273 million retiree medical trust.
USAA Real Estate hires managing director of portfolio management
trueEdmund Donaldson was named managing director of portfolio management at USAA Real Estate.
Florida SBA commits $772.5 million to 8 funds
trueFlorida State Board of Administration committed $772.5 million to eight private equity and real estate funds.
Cornerstone acquires German real estate manager
trueCornerstone Real Estate Advisers is purchasing German real estate money manager PAMERA Asset Management
Canada's PSP invests more than 1% of its portfolio in New Zealand property
truePublic Sector Pension Investment Board, Montreal, purchased the AMP Property Portfolio, a portfolio of New Zealand real estate valued at more than NZ$1 billion (US$880 million).