Subject: Opportunity Funds (OPPY)
PNC Affiliate Launches Fourth Tax-Credit Fund
October 9, 2001 Special to Commercial Real Estate DirectColumbia Housing, an affiliate of PNC Financial Services, has raised $57.5 million for Columbia Housing/PNC Institutional Fund VII, its fourth tax-credit equity fund. The fund will invest in the development and acquisition ...
Property Fund Launched in Singapore
October 5, 2001 SINGAPORE – A local property owner and a German insurance group recently launched a property fund with S$875 million (US$492.3 million) in assets, comprising three office properties in downtown Singapore. ERGO Insurance Group of Dusseldorf, Germany, invested ...
LaSalle Launches European Fund, Beefs Up Team There
October 4, 2001LaSalle Investment Management is launching LaSalle Euro Growth II fund, a 500 million euro ($458.7 million) real estate investment fund that will invest in real estate across Western Europe, predominantly in France, Germany, Italy, Spain, the Netherlands and ...
Colony Capital Raising Fifth Opportunity Fund
The Los Angeles firm is said to be looking to raise another $500 million for its latest opportunity fund. If successful, the firm will have raised more than $3 billion of equity for high-yielding real estate.
ING Capital in Midst of Capital Raising for Second Fund
The investment firm is said to be looking to raise $500 million for an opportunity fund, its second. Its first fund parlayed $540 million of equity into $2 billion of investments.
Security Capital Unit Bullish on Assisted-living Sector
BelmontCorp is in the midst of a $1 billion capital-deployment plan that will result in its rolling out about 60 properties in the coming years.
Five Arrows Investment Gives Advance Realty Appetite to Buy
A fund sponsored by Rothschild Realty has invested $100 million in Advance Realty, a New Jersey real estate firm, for acquisitions in the Mid-Atlantic and Northeastern regions. The firm is targeting suburban office and industrial properties.
LaSalle Raises $53Mln in First Closing of Medical Office Fund
September 5, 2001 CHICAGO – LaSalle Investment Management Inc. has raised about $53 million in the first closing of the LaSalle Medical Office Fund, which will buy and develop medical office buildings throughout the United States. LaSalle expects to raise ...
CalSTRS Commits Additional $20Mln to MSREF IV
August 31, 2001 The California State Teachers' Retirement System will commit an additional $20 million to Morgan Stanley Real Estate Fund IV-International, a $2 billion opportunistic investment fund.CalSTRS earlier this year had committed $200 million to the fund. The additional ...
CalSTRS Makes $75Mln Investment in Soros Real Estate Fund
The California pension fund is looking for hefty returns from Soros' European and Asian investment strategy.
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