James Comtois
John Paulson’s eponymous firm has closed on $330 million for its Paulson Real Estate Fund II, which is targeting some $400 million in equity commitments.
The New York-based firm has raised $154 million to provide balance sheet financing for transitional properties throughout the US.
The Greensboro, North Carolina-based firm has raised $200 million for Bell Apartment Fund IV, which will invest in US multifamily properties.
The Atlanta-based real estate investment manager is acquiring a nearly 1 million-square-foot office tower for $480 million on behalf of the Korean pension from a joint venture between Hines and CalPERS.
With capital raising, the real estate market and general economic conditions improving, US managers are finding the courage to spin out and go solo.
The Dallas-based real estate investment manager received more than $135 million in equity commitments for Velocis Fund I, bringing total assets under management to more than $222 million.
The $15.9 billion state endowment has made contributions to funds sponsored by USAA Real Estate, Harrison Street and Cypress Real Estate.
The Atlanta-based investment firm has garnered $220 million in commitments for its Noble Hospitality Fund II, less than two months after it closed on $101 million.
The Santa Fe-based real estate investment firm has purchased the Denver World Trade Center from LaSalle Investment Management for $176 million.
Boston-based GID Investment Advisers, on behalf of the giant California pension, has purchased The Ashley and The Aldyn from a partnership between The Carlyle Group and Extell Development.
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