Evelyn Lee
The Dallas-based private equity firm has begun pre-marketing its third commercial real estate fund, after completing fundraising on its $5 billion residential, corporate and consumer debt fund last month.
New Jersey’s successful sale of nearly $1 billion in property fund interests has defied many expectations, and the real estate secondaries market may never be the same again.
The $75.64 billion pension plan has reached an agreement to sell a nearly $1 billion portfolio of real estate fund interests to a new entrant to the secondary market.
The Washington, DC-based private equity firm is said to be gearing up for what could be its largest real estate capital-raise to date.
The New York-based global asset manager, along with partner Pátria Investimentos, beat out a number of private equity real estate firms to acquire a 70 percent ownership interest in Gafisa’s Alphaville business.
A growing direct real estate portfolio in Brazil is a major reason that Singapore’s sovereign wealth fund has decided to establish its first Latin American location, for which it recently hired initial property staff.
Peggy DaSilva will be working as a managing director with the Los Angeles-based real estate investment management firm’s US separate accounts team.
Rockbridge Partners, a new Dallas-based venture started by Travis Furr and John Turner, will pursue middle-market real estate investments in the US.
Despite a heavy weighting to core, the $163.68 million pension plan invested only in value-added and opportunistic real estate strategies during the first quarter.
The $23.8 billion pension system plans to line up significant capital outlays to private real estate over the next four fiscal years, with a focus on non-core opportunities.