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Harrison Street taps senior housing
trueHarrison Street Real Estate Capital LLC last monthAugust snapped up a senior housing portfolio, in part, with capital from its $2 billion open-end fund, the only one aimed solely at investing in education, senior living and storage.
CalPERS commits $1.35 billion to 4 managers
trueCalPERS committed $600 million to two real estate partnerships, $500 million to a European opportunistic credit strategy and $250 million to a credit-focused investment strategy, said agenda materials for the investment committee’s Sept. 15 meeting.
Indiana signs Mercer as real estate consultant
trueIndiana Public Retirement System, Indianapolis, hired Mercer as the $30.3 billion retirement system's real estate consultant.
DDR Corp. CEO to depart at end of 2015
trueDaniel B. Hurwitz, CEO of DDR Corp., will leave the retail real estate investment trust at the end of 2015.
Greater Manchester Pension Fund sticks with GVA Grimley for real estate
trueGreater Manchester Pension Fund, Manchester, England, rehired GVA Grimley to run its real estate venture fund.
Connecticut Retirement Plans commits $100 million to Starwood
trueConnecticut Retirement Plans & Trust Funds committed $100 million to Starwood Global Opportunity Fund X, a real estate fund managed by Starwood Capital Group.
Blackstone plans property IPOs as next real estate fund prepared
trueBlackstone Group has already taken public its biggest U.S. real estate investment from the property market's boom. Now, it's planning to sell shares in two companies created in the wake of the crash.
Private real estate return expectations rise more than 1 percentage point from prior quarter
trueThe average forecast return for the NCREIF Property index in 2014 rose more than one percentage point from a quarter ago, according to The Pension Real Estate Association's latest consensus survey, released Tuesday.
New Mexico State Investment Council adjusts allocation
trueNew Mexico State Investment Council, Santa Fe, is reducing the opportunistic credit allocation of its $4.4 billion fixed-income portfolio to 15% from 21.2%, said Charles Wollmann, spokesman for the $19.8 billion endowment.
Oklahoma Teachers drops Thornburg
trueOklahoma Teachers' Retirement System terminated Thornburg Investment Management from a $485 million international value equity portfolio.
CBRE promotes executive to Americas head of research
trueSpencer Levy has been appointed to Americas head of research at real estate firm CBRE Global Research.
CalSTRS commits $1.4 billion to private equity, real estate
trueCalSTRS made $675 million in private equity commitments and $800 million in real estate commitments in the three-month period ended June 30, said activity reports filed in connection with the $186.6 billion pension fund's upcoming Sept. 5 board meeting.
FHFA plans to kick REITs out of home-loan banks
trueThe overseer of the Federal Home Loan Banks is planning changes to membership rules that would keep investment firms and lenders lacking customer deposits out of the U.S. government-chartered system.
Aurora General Employees replaces open-end real estate manager
trueAurora (Colo.) General Employees’ Retirement Plan committed $13 million to the Morgan Stanley Prime Property Fund, an open-end core real estate fund.
Tennessee Consolidated keeps Townsend Group
trueTennessee Department of the Treasury, Nashville, rehired Townsend Group as real estate consultant for the $40 billion Tennessee Consolidated Retirement System.