Maine PERS To Place 20% Of RE Allocation In Blackstone Fund
<p>Maine Public Employees Retirement System is planning to invest 20% of its real estate allocation in Blackstone’s US core-plus fund.</p>
<p>The pension fund confirmed to IPE Real Estate that it had approved its biggest-ever commitment to a real estate fund, pledging $350m (€319m) to the open-ended Blackstone Property Partners.</p>
High Street Raises $350M For Core-Plus Industrial Fund
High Street Realty Co. held final close on its High Street Real Estate Fund V reaching total equity commitments of $353 million. Utilizing leverage of 50%, Fund V will seek to acquire $700 million of assets in its target markets.
SWIB Doubles Buchanan Separate Account, Invests In Industrial Fund
<p>The State of Wisconsin Investment Board (SWIB) has doubled the size of Buchanan Street Partners’ real estate mandate and is investing with another fund manager for the first time.</p>
<p>The pension fund has provided an additional $100m (€93.5m) to Buchanan to invest in core-plus real estate in the western and southern regions of the US, according to a board meeting document.</p>
Billionaire Jonathan Gray: Building The World's Largest Real Estate Investment Fund
Jonathon Gray, head of Blackstone Real Estate, discusses Blackstone’s investment philosophy in real estate sector and the firm’s recent real estate deals and the thinking behind them.
Manulife Launches Core-Plus US Real Estate Fund
<p>Canada’s Manulife Asset Management has launched a US real estate fund, attracting capital from Ohio Police & Fire Pension Fund.</p>
<p>The open-ended, core-plus fund will be managed by Manulife Real Estate, a subsidiary that operates under the name of John Hancock Real Estate in the US.</p>
<p>Ohio Police & Fire confirmed to IPE Real Estate that it is committing $50m (€46.6m) to the fund, which has yet to make any acquisitions.</p>
<p>Manulife, which declined to comment, launched its first real estate funds platform in 2011, enabling third-party investors to invest in a Canadian real estate fund.</p>
New Mexico PERA Invests In Core Real Estate For First Time
<p>Public Employees Retirement Association of New Mexico has begun to invest in core real estate for the first time.</p>
<p>The pension fund has entered into a joint venture with Sarofim Realty Advisors to invest $150m (€140m) in predominantly core and core-plus retail properties.</p>
<p>The investment marks a departure for New Mexico PERA, which has only ever invested in value-added and opportunistic real estate. Last year, <a href="https://realestate.ipe.com/news/investors/new-mexico-pera-backs-harrison-street-and-eyes-private-core/10014847.article">IPE Real Estate reported</a> on its plans to move into core.</p>
Anderson Named A Director And Assistant Portfolio Manager At Clarion Partners
New York, NY Clarion Partners, LLC, a leading real estate investment manager, today announced that Evans Anderson has joined the firm as a director.
PAG Raises More Than $1B For Pan-Asia Real Estate Fund
Hong Kong-based private equity shop PAG has reportedly raised over $1 billion for a new pan-Asia fund focusing on core-plus real estate assets.
Italy's Prelios Launches First Real Estate Fund In Germany
Investment manager to target core-plus retail sector for vehicle.
AXA IM-Real Assets Joins Pramerica In Core-plus LA Office Deal
Investment manager takes stake in office property from Pramerica.