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New Bedford Retirement seeking core real estate managers
trueNew Bedford (Mass.) Contributory Retirement System is searching for core real estate managers to run a total of about $20 million in an open-end fund.
Lincoln Police & Fire selects Principal for core real estate
trueLincoln (Neb.) Police & Fire Pension Fund hired Principal Global Investors to manage an $11 million core real estate portfolio.
Managers expecting lower returns from real estate sector
trueAt this later stage in the real estate cycle, investors are even more selective in view of an expectation of lower returns in the future, which is adding further momentum to the mergers and acquisitions trend, real estate managers say.
Managers on the move to fancy, pricey new digs
trueMoney managers are driving up rents for the toniest of Manhattan offices, in some cases before construction has even been completed.
Expertise, growth behind real estate manager acquisition push
trueInsurance company Sun Life Financial Inc.'s acquisition of $22 billion real estate money manager Bentall Kennedy Group is the latest example of a growing trend of larger firms looking to expand or start a real estate investment business.
Springfield, Mo., police and fire fund goes with Brookfield for global REITs
trueSpringfield (Mo.) Police Officers’ & Firefighters’ Retirement System hired Brookfield Investment Management to run a $6 million global REIT portfolio, said Janell Manley, administrative director.
Oregon commits $100 million to Brazil agriculture fund
trueOregon Investment Council, which runs the $69.7 billion Oregon Public Employees Retirement Fund, committed $100 million to Brookfield Brazil Agriculture Fund II.
Oregon, Alaska Permanent commit to timberland joint venture
trueOregon Public Employees Retirement Fund and the $50.8 billion Alaska Permanent Fund Corp. made a total of $300 million in commitments to a new joint venture to invest in timberland managed by alternative investments manager Silver Creek Capital Management and real estate investment trust Plum Creek ...
CalPERS preps real estate consultant search
trueCalPERS will launch a search in October for a real estate investment consultant.
Carlyle closes Realty Partners VII fund at $4.2 billion
trueThe Carlyle Group closed the $4.2 billion Carlyle Realty Partners VII at its hard cap.
Dallas Police & Fire transfers some real estate assets to Clarion
trueDallas Police & Fire Pension System increased its allocation to real estate manager Clarion Partners
Westfield Contributory searching for core-plus or value-added real estate
trueWestfield (Mass.) Contributory Retirement System is searching for real estate managers to run between $5 million and $10 million in a core-plus or value-added real estate fund.
Oregon Investment Council places $1 billion with 2 managers
trueOregon Investment Council committed $750 million to hedge fund manager AQR Capital Management and up to $250 million to private equity manager General Atlantic for a managed account.
CalPERS adds $4 billion in real estate commitments
trueCalPERS made more than $4 billion in follow-on real estate commitments to existing joint ventures in July, said documents released in connection with the pension fund's Sept. 15 investment committee meeting.
Texas Permanent School Fund allocates $100 million to real estate
trueTexas State Board of Education, Austin, approved commitments of up to $50 million each to two real estate funds from the $30.1 billion Texas Permanent School Fund.