Meghan Morris
The European insurer purchased a 49 percent stake in office and land holdings from TIAA-CREF.
If Blackstone’s real estate head Jon Gray had $1 left, he would commit it to southern. Europe, he told the PERE New York Summit.
Six executives left the real estate owner as the firm puts investments on hold.
The acquisition, in partnership with Slate Property Group, marks the firm’s latest investment on behalf of its second US fund.
The Boston-based firm is targeting $100 million for a core-plus/value-add fund.
The Miami-based firm has co-invested $100 million of its own capital in its third opportunistic fund.
(1).jpg "Gaw Capital holds $314m final close for US fund – exclusive")
The Chinese firm has closed its first value-added US real estate fund above its $300 million target.
The investment manager for Florida’s public pension plan committed €50 million to Tristan Capital’s fourth fund.
The pension plan backed Westbrook Real Estate Fund X, an opportunistic fund with a $2.5 billion target.
Real estate was a bright spot in an otherwise depressed quarter for Oaktree.
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