March 1, 2005 UrbanAmerica LP is planning to raise $300 million of equity for its second investment vehicle, which will aim to acquire and develop office, retail and residential properties in urban centers throughout the country.The New York company has ...
February 22, 2005 Related Capital Co., a unit of CharterMac (Amex:CHC), has provided $15 million of equity for Savoy Place Apartments, a 318-unit apartment complex in New Orleans.Michael's Development Co. of Marlton, N.J., is constructing the property as an affordable-housing ...
February 14, 2005 Commercial Real Estate Direct Staff ReportPennsylvania Public School Employees' Retirement System, or PSERS, has committed to invest $200 million of equity in Morgan Stanley Real Estate Fund V International LP, an investment vehicle that could raise some ...
The California investment firm is taking its first major step in becoming a national real estate player by opening up shop in Chicago. It is also moving ahead with a follow-up fund that could raise up to $150 million of ...
December 14, 2004 Recognizing its ability to profit by selling some of its real estate, the board of California Public Employees' Retirement System is reducing its real estate allocation by one percentage point to 8 percent of total assets. The ...
Lou Conforti and Lee Pollock have formed Greenwood Group and raised $150 million of capital to invest in small- to medium-sized REITS. Greenwood will provide mezzanine debt, joint venture equity and preferred equity.
The Denver company is planning a fund, capitalized by individual investors, that will invest in CMBS and commercial mortgages. The fund's size is unclear, but Dividend Capital's previous endeavors have a total of $700 million of assets.
Hampshire Cos., a Morristown, N.J., real estate company, has for the first time raised equity from institutional investors for a commingled investment fund. The company raised five previous funds, but all were capitalized by high net-worth individuals.
The $100 million subordinate convertible debt investment will allow Victory Real Estate Investments to expand its portfolio of grocery-anchored shopping centers. Victory aims to use the capital to make up to $300 million of property investments.
November 24, 2004 The Tuckerman Group has closed its Residential Income and Value Added (RIVA) Fund, raising more than $150 million of equity.About 25 pension funds, foundations, endowments and high net worth individuals invested in the fund, which seeks to ...
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