North American investors 鈥� Page 219
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News
Quebec extends its Brazilian shopping space
CANADA/BRAZIL 鈥� Ivanhoe Investments, the real estate management subsidiary of Canada鈥檚 largest pension fund, has boosted its position in Brazil with the purchase of four shopping centres and more than doubled its stake in a local property partner.
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News
NYSTRS provides the finance for real estate mortgages
UNITED STATES - New York State Teachers Retirement System has expanded its real estate portfolio with a commitment to several mortgaged transactions and a commingled fund.
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News
Ohio School Employees commits to office fund
UNITED STATES - School Employees Retirement System of Ohio has approved a commitment of $50m (鈧�32.1m) into the Beacon Capital Strategic Partners VI commingled fund.
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Contra Costa County sees a debt opportunity
UNITED STATES- Contra Costa County Employees鈥� Retirement Association has approved a $75m (鈧�48.6m) commitment into the ING Clarion Debt Opportunity Fund II 鈥� its first investment in a debt fund focused on real estate.
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Magazine
Make the distinction
The prognosis for US office is not good but it is not as bad as during previous downturns. What is worrying is that foreign investors are allowing the reports of the US housing market to colour their view of other sectors, including office.
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News
PBGC eyes move into real estate
UNITED STATES 鈥� The Pension Benefit Guaranty Corporation (PBGC) is looking at investing in real estate for the first time and is therefore seeking strategic partnerships so it may allocate up to $2.5bn (鈧�1.6bn) in the sector.
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News
Alaska Permanent Fund makes major commitment to infrastructure
UNITED STATES - The Alaska Permanent Fund Corporation has approved new commitments for infrastructure totaling $750m (鈧�476.2m).
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News
Los Angeles City places capital into debt fund
UNITED STATES - Los Angeles City Employees Retirement System has made a $20m (鈧�12.7m) to the Mesa West Real Estate Income Fund II, in a bid to capitalise on the supply and demand financing opportunities in the mid-size segment of the marketplace.
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News
ING Clarion closes in on value-added space
UNITED STATES - ING Clarion Partners continues with its value-added strategy for some of its capital sources with the closing of $166m (鈧�105.4m) worth of transactions.
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News
Small pension funds re-enter property
UNITED STATES - Several smaller pension funds in the United States are thought to be looking to re-enter the real estate asset class, in a bid to diversify their portfolios.
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News
LA Fire and Police goes for safety with real estate assets
UNITED STATES - Los Angeles Fire and Police Pensions has chosen to make its real estate portfolio more conservative in the near term.UNITED STATES - Los Angeles Fire and Police Pensions has chosen to make its real estate portfolio more conservative in the near term.
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News
CalSTRS to tread cautious real estate path
UNITED STATES 鈥� The California State Teachers Retirement System is planning to take a cautious approach to real estate investment for its fiscal year in 2009.
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News
Rothschild raises $840m for new commingled fund
UNITED STATES - Rothschild Realty Managers has smashed its intended target for capital raising on its Five Arrows Realty Securities V commingled fund and collected $840m (鈧�530m) through institional investors - $240m more than originally sought.
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US pension funds still interested in value-added real estate
UNITED STATES - Apollo Real Estate Advisors was able to reach its capital raising target for its latest commingled fund, Apollo Value Enhancement Fund VII.
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News
Ohio School Employees real estate commitment unchanged
UNITED STATES - The School Employees Retirement System of Ohio plans to invest $100m (鈧�62.9m) to $150m in real estate over the next 12 months. This is roughly the same amount that was planned for fiscal year 2008. This allocation is part of the pension fund鈥檚 annual investment plan for ...
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News
CalPERS invests in 鈥榤aster-planned鈥� residential
UNITED STATES - Newland Communities has made another investment in a residential land for a partnership with the California Public Employees Retirement System.
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News
Florida plans up to $1.1bn investment in infrastructure and timber
UNITED STATES - Florida State Board of Administration has approved commitments to infrastructure and timber for as much as $1.1bn (鈧�691.6m).
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News
SWFs avoid infrastructure, opt for funds
GLOBAL - Sovereign wealth funds (SWFs) will shy away from direct investment in global infrastructure to avoid allegations of 鈥榩olitical鈥� investment, according to analysts at the McKinsey Global Institute, an economics thinktank.
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News
Capri goes international
UNITED STATES - Capri Capital Partners has expanded its efforts to international real estate with its plans to develop a $2bn (鈧�1.27bn) mixed-use project in Saudi Arabia.
