Evelyn Lee
The state agency, which manages an estimated $163.5 billion in total assets, has launched a search for consultants to assist on both traditional and non-traditional real estate investments.
The Los Angeles-based real estate investment firm has made its largest land acquisition to date – a 297-acre parcel in Austin, Texas – as part of a larger plan to develop a master-planned technology and office park.
The Philadelphia-based real estate firm’s latest opportunistic vehicle will have a significantly lower target size than its $2 billion predecessor.
The Los Angeles-based real estate fund manager has recruited a new managing director to oversee its Brazil office, replacing Axel Chaves, who left earlier this month.
The New Jersey-based real estate investment manager has launched a Mexican real estate investment trust, into which it has rolled two of its prior industrial funds and 146 properties previously held by the two vehicles.
The $72.8 billion pension plan has approved an investment to Blackstone's new Asia-focused vehicle. It also announced an update to its real estate secondary offering.
The $49.7 billion pension plan’s most recent real estate commitments are intended to help it reach a 40 percent to 50 percent allocation target to the risk strategy over the long term.
The $39.2 billion pension plan expects the Chicago-based investment firm to be the first firm to graduate from its real estate emerging manager program in the near future.
America’s largest pension plan has embarked on a new partnership with Bentall Kennedy that could significantly increase its industrial portfolio over the next five years. The first deal on behalf of the separate account closed last week.
The transaction represents the Los Angeles-based real estate manager’s largest programmatic joint venture to date.