Meghan Morris
Acquisitions will help the firm in its plans to double its Pacific Northwest portfolio by the end of 2015.
The firm raised nearly $2.7 billion from a diverse group of investors for the fourth in its series of investment funds.
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An early investor is the New Mexico State Investment Council, which committed $75 million to the fund last week.
The state pension plan has made its biggest commitment yet to Leon Bressler’s real estate platform, following its recent spinout from Perella Weinberg.
Investors need to refocus away from a macro view of the continent, JP Morgan managing director Joe Valente told delegates at an INREV conference.
The California investment firm raised its fifth fund with just one close.
The departure of Jonathan Roth is the latest in a series of executive exits.
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