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PennSERS moving $200 million to real estate, private equity funds
truePennsylvania State Employees' Retirement System committed up to $200 million to four alternatives funds.
Rockefeller Group taking majority stake in TA Realty
trueReal estate firm The Rockefeller Group is acquiring a majority interest in real estate money manager TA Realty.
NYSTRS real estate returns as of June 30
trueThe New York State Teachers’ Retirement System’s real estate investment portfolio returned 12.1% for the year ended June 30. According to the fund's latest investment committee report, the portfolio has returned 8.5% annually over the past 10 years and 9.6% since inception.
Texas Municipal taps Albourne as real-return, absolute-return consultant
trueTexas Municipal Retirement System hired Albourne America as its first real-return and absolute-return consultant.
Oklahoma Police earmarks $50 million for real estate, private equity
trueOklahoma Police Pension & Retirement System committed a total of $50 million to three alternatives managers.
Private real estate returns 2.63% in third quarter
truePrivate real estate returned 2.63% in the third quarter, as measured by the National Council of Real Estate Investment Fiduciaries Property index. The return was made up of a 1.31% income return and a 1.32% appreciation return.
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.
Corrections for Oct. 27, 2014
trueInland Institutional Capital Partners is the deal-making subsidiary of Inland Group and has arranged $5 billion worth of deals. Inland Group has $16.4 billion in real estate assets under management. Incorrect information was in the page 3 story “PIMCO upheaval opens doors for real assets firms” in ...
Real estate managers back over $1 trillion again
trueThis year's survey for the first time asked about assets managed for defined contribution plans. Managers of REITs ran $15.1 billion for defined contribution plans, accounting for 13.2% of REIT managers' total assets managed for U.S. tax-exempt clients.
Managers alter models to keep their investors happy
trueReal estate managers are tweaking their models, turning to joint ventures and other arrangements with asset owners and operators to generate capital and deal flow.
The largest real estate investment managers: 2014
trueHungry investors feast on real estate, push assets up 13.7% to highest point since '08.
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.