The offering will be backed by debt on about 50 properties. It will be one of very few single-borrower deals over the last year, and will come on the heels of 2002's first single-asset transaction, which Lehman is also handling.
August 26, 2002 The Tuckerman Group has closed its third apartment fund with nearly $85 million in equity commitments that will be leveraged into about $400 million of investment capital.Multi-Family Development Program III will focus on high-quality multifamily properties throughout ...
August 1, 2002 WASHINGTON – Allied Capital (NYSE:ALD) said it has sold $129.8 million of CMBS for $94.7 million, recognizing a gain of about $12 million.The investment firm said the bonds it sold, which it acquired for $82.7 million, carried ...
The Pennsylvania pension fund yesterday committed to invest $90 million in ARCap High Yield CMBS Fund LLC. PSERS also made an additional equity commitment to a real estate opportunity fund run by PaineWebber.
Low interest rates and a solid performance by real estate could result in Massachusetts Pension Reserves Investment Trust increasing its exposure to real estate by $750 million. It's also planning to liquidate interests in commingled investment funds.
May 8, 2002 NEW YORK – Lend Lease Hyperion Capital Advisors has been appointed as adviser to ABP Investments US Inc. for CMBS investments. Netherlands-based ABP is one of the largest pension funds in the world.ABP hired Lend Lease Hyperion ...
Conning Asset Management is securitizing 32 mortgages and a $27.8 million batch of triple-B-minus certificates from two past deals. Meanwhile, a G-Star CDO is in the market, and it includes a tranche that will be re-issued every six months.
Low interest rates are prompting the California pension fund to consider increasing its core real estate portfolio leverage to 50 percent from 40 percent.
March 5, 2002 GMAC Institutional Advisors will manage $75 million in an investment grade CMBS/whole loan program for the Southern California United Food & Commercial Workers Unions and Food Employers Joint Pension Trust Fund.GMAC Institutional Advisors has committed to co-investing ...
February 5, 2002 Commercial Real Estate Direct Staff ReportThe California State Teachers' Retirement System plans to award contracts to nine firms that will serve as its real estate independent fiduciaries.Firms receiving contracts were Westwood Consulting Inc., Courtland Partners Ltd., Granite ...
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