Evelyn Lee
The $150.6 billion pension plan’s latest investment in the New York-based fund manager’s European real estate strategy will be through a commingled fund of one.
The $42 billion pension has promoted senior portfolio manager C.H. Meili to the top post in its real estate department.
The $90.9 billion pension system has appointed David Gillan to oversee its $15 billion real estate investment portfolio, as his predecessor now becomes head of private equity.
Despite a record year for investments, the New York-based private equity and real estate giant anticipates realization activity will ramp up over the next two years, particularly in its property portfolio.
The New York-based private equity real estate firm has wrapped the third round of fundraising for its evergreen vehicle, which now has raised some $2.8 billion in capital.
Real estate secondary transactions rose to record levels for the fourth year in a row, with a 20 percent increase in volume for the second straight year, according to new data from Landmark Partners.
The $153.3 billion pension plan’s investment represents CT Realty Investors’ first relationship with an institutional investor.
The $49.5 billion pension system will make sizable investments in new value-added funds from Blackstone and Paramount, as well as its own co-investment and secondary program.
The supply and demand gap in real estate secondaries is wider than ever, but that doesn’t necessarily mean it isn’t a good time to sell.
The Connecticut-based real estate investment firm, in conjunction with its commercial real estate finance affiliate, will acquire the Miami-based distressed debt manager on behalf of its latest opportunity fund.