Capital Watch

Capital Watch 2008-07-01 Staff Writer <strong>FUNDS IN MARKET/COMING TO MARKET</strong><br /> <table> <tbody> <tr> <td><strong>FUND</strong></td> <td><strong>FIRM</strong></td>

FUNDS IN MARKET/COMING TO MARKET

FUND FIRM HEADQUARTERS STRATEGY TARGET (M)
Global funds
N/A Alpha Real Capital London Europe/Asia diversified €400
Beacon Capital Strategic Partners VI Beacon Capital Partners Boston Europe / US office $6,000
Cerberus Real Estate II Cerberus Real Estate Capital Management New York Global diversified $2,000-$3,000
Clerestory Small Cap Real Estate Fund I Clerestory Capital Partners New York Global diversified $600
DLJ Real Estate Partners IV Credit Suisse New York Global diversified $2,000
Lehman Brothers Real Estate Partners III Lehman Brothers New York Global diversified $3,000
Macquarie Global Property Fund III Macquarie Global Property Advisors Hong Kong Asia / Europe diversified $3,500
MSREF VII International Morgan Stanley Real Estate New York Global diversified $10,000
Perella Weinberg Partners Real Estate Fund II Perella Weinberg Partners New York Global diversified €1,600
Rockpoint Real Estate Fund III Rockpoint San Francisco Global diversified $2,000
Walton Street Real Estate Fund VI Walton Street Capital Chicago Global diversified $2,500
Westbrook Real Estate Fund VII Westbrook Partners New York Global diversified $1,250
Global funds subtotal $36,981
Americas funds
Apollo Value Enhancement Fund VII Apollo Real Estate Advisors New York US diversified $600
Avenue Real Estate Fund Avenue Capital New York US distressed $300
Big Rock Opportunity Fund II Big Rock Big Rock Opportunity Fund II West Coast diversified $350
Black Creek Mexico Residential Fund Black Creek Group Denver Mexico diversified $500
Brascan Real Estate Opportunity Fund Brascan New York NA diversified $1,000
Buchanan Fund V Buchanan Street Partners Newport Beach (CA) Global diversified $400
Capri Urban Investors Capri Capital Partners Chicago US urban diversified $1,200
Ceres Realty Fund II BlakelyStern Investment Advisors New York US northeast diversified $100
CIM Urban Real Estate Fund III CIM Group Los Angeles California diversified $750
CityView LA Urban Land Fund I American CityVista / Saybrook Capital San Antonio (TX)/Santa Monica (CA) California development $150
Clarion Development Ventures III ING Clarion Partners New York US development $350
Colony Realty Partners II Colony Capital Los Angeles Global diversified $1,000
Concierge Apartment Fund Concierge Asset Managment Tiburon (CA) US multi-family $250
Cornerstone Apartment Ventures III Cornerstone Real Estate Advisors Hartford (CT) US residential $400
Coventry Real Estate Fund III Coventry Real Estate Advisors New York US retail $400
CREF IV Calare Properties Hudson (MA) US northeast diversified $30
N/A Crescent Hotels and Resorts Fairfax (VA) US hospitality $350
Crocker Partners IV Crocker Partners Boca Raton (FL) Global diversified $300
Cronus Capital Fund I Cronus Capital New York US diversified $200
Crown Capital Opportunities Fund Crown Capital St. Louis US diversified $200
Dunmore Capital Fund Dunmore Capital Sacramento (CA) California development $200
Embarcadero Capital Partners Fund II Embarcadero Capital San Francisco US office $400
Fidelity Real Estate Growth Fund III Fidelity Boston US diversified $750
Fremont Strategic Property Partners III Fremont Realty Capital San Francisco US diversified $750
Greater Washington Life Sciences Fund JBG Companies / Scheer Partners Chevy Chase / Rockville (MD) US life sciences $100
Grosvenor New York Multifamily Fund Grosvenor US Philadelphia US residential $400
Guardian Realty Fund III Guardian Realty Investors Bethesda (MD) Mid-Atlantic diversified $500
Hampshire Partners Fund VII Hampshire Partners Morristown (NJ) US diversified $350
Hanover Real Estate Pertners III Hanover Financial Los Angeles Western US diversified $250
Hearthstone Path of Growth II Hearthstone Advisors San Rafael (CA) US development $500
Henderson Manager of Partners Fund Henderson Global Investors Chicago Global diversified $200
HG Capital VII HG Capital Menlo Park (CA) Western US diversified $65
House Investment RE Opportunities Fund IV House Investments Indianapolis US development $30
Hudson Real Estate Fund IV Hudson Realty Capital New York US diversified $300
Hunter Chase Real Estate Opportunity Fund Hunter Chase Irving (TX) US diversified $250
ING Lion Mexico Fund ING Clarion Partners New York Mexico diversified $500
Intercontinental Fund IV Intercontinental Boston Value-added US diversified $250
InvestLinc Real Estate Capital 3 Fund Investlinc Group Chicago US diversified $150
Invesco Real Estate Fund III Invesco Real Estate Dallas US diversified $500
Jamestown Coinvest IV Jamestown Properties Atlanta Southeast US diversified $500
JBC Opportunity Fund III John Buck Co. Chicago US diversified $300
KBS Best Property Fund II KBS Realty Advisors Newport Beach (CA) US diversified $500
Kelly Capital Real Estate Special Situation Fund Kelly Capital San Diego US diversified $100
Kimpton Hospitality Partners II Kimpton Hotel San Francisco US hospitality $300
KMF Senior Housing Investors Fund KMF Senior Housing Investors Chicago US senior housing $250
LaSalle Canada Income & Growth Fund II LaSalle Investment Management Chicago Canada diversified $350
LaSalle Medical Office Fund II LaSalle Investment Management Chicago US medical office $350
LaSalle Mexico Fund LaSalle Investment Management Chicago Mexico diversified $500
LBA Realty Fund III LBA Realty Irvine (CA) US office / industrial N/A
Lazard Freres Strategic Realty Investors III Lazard Freres & Co. New York US healthcare $500
Lexin AmTrust Real Estate Partners II Lexin Capital New York US residential $150
Los Angeles Development Partners Chadwick Saylor Los Angeles Southern California urban $150
Lubert-Adler Real Estate Fund VI Lubert-Adler Philadelphia North America diversified $2,600
Macfarlan Special Situations Fund Macfarlan Capital Partners Dallas US distress $300
MacFarlane Urban Real Estate Fund III MacFarlane Partners San Francisco US urban diversified $1,500
N/A MayfeldGentry Realty Detroit US urban diversified $150
Market Street Capital DivcoWest San Francisco US office $650
Meridian Real Estate Partners Fund III Meridian Development Partners New York US distressed $100
Miller Global Fund V Miller Global Properties Denver US diversified $400
N/A Colony Capital Los Angeles US distressed $2,000
N/A Mayfeld Gentry Realty Detroit US urban diversified $150
Urban Strategy America Fund New Boston Fund Boston US urban redevelopment $200
O’Conner North American Property Partners O’Conner Capital Partners New York North American diversified $750
Palisades Distressed/Value-Added Fund Palisades Financial Englewood Clifs (NJ) US diversified $200
Genesis Workforce Housing Fund Phoenix Realty New York Los Angeles residential $175
Metropolitan Workforce Housing Fund Phoenix Reality New York US residential $250
N/A The Carlyle Group Washington DC Latin America diversified $400 – $600
Paladin Realty Latin America Investors III Paladin Realty Los Angeles Latin America diversified $500 – $800
PRP II Perseus Realty Partners Washington, DC US diversified $200 – $250
Praedium Fund VII Praedium Group New York US diversified $700
PLA Industrial Fund II Prudential Real Estate Investors Parsippany (NJ) Mexico industrial $140
PLA Residential Fund II Prudential Real Estate Investors Parsippany (NJ) Mexico residential $400
PLA Residential Fund III Prudential Real Estate Investors Parsippany (NJ) Latin America residential $1,000
Prudential Senior Housing Partners III Prudential Real Estate Investors Parsippany (NJ) US senior housing $300
RCG Longview Equity Fund Ramius Capital Group New York US diversified $300
Sarofim Multifamily Fund I Sarofim Realty Advisors Dallas US residential $150
Sentinel Realty Partners VII Sentinel Real Estate Corporation New York US diversified $200
Somera Realty Value Fund II Somera Capital Santa Barbara (CA) US diversified $300
Square Mile Fund I Square Mile Capital Management Greenwich (CT) US distressed $300
Stillwater Real Estate Partners Fund Stillwater Capital New York US residential $50
Stockbridge Real Estate Fund III Stockbridge Capital Partners San Mateo (CA) US diversified $3,000

FUNDS IN MARKET/COMING TO MARKET

FUND FIRM HEADQUARTERS STRATEGY TARGET (M)
Strategic Office Fund I NNN Realty Advisors Santa Ana (CA) US net-leased office/retail $250
Strategic Partners Value Enhancement Fund II Strategic Capital Partners Chicago US diversified $400 – $500
Stratford Lane Fund III The Stratford Company Tacoma (WA) US land $300
TA Associates Realty Fund VIII TA Associates Boston US diversified $900
Tishman Speyer Real Estate Venture VII Tishman Speyer New York US diversified $2,000
Thor Urban Retail Fund II Thor Equities New York US retail $500
Urban American Real Estate Fund II Urban American New Jersey US residential $200
Urdang Value Enhancement Fund VI Urdang Capital Mgmt. Plymouth Meeting (PA) US diversified $450
Walton Street Mexico Fund I Walton Street Capital Chicago Latin America diversified $350
Williams Opportunity Fund Williams Realty Advisors Atlanta US diversified $120
Americas funds subtotal $43,310
Europe funds
Aberdeen Property Fund Russia Aberdeen Property Investors Stockholm Russia diversified €250
Blackstone Real Estate Partners Europe III The Blackstone Group New York Europe diversified €3,000
Capmark UK Realty Partners Fund Capmark Financial Horsham (PA) UK diversified €250
N/A Catalyst Capital London Europe diversified €500
Columbus UK Real Estate Fund Schroder Property Investment London UK diversified £250
Cordea Savills Turkish Property Ventures Fund Cordea Savills London Turkey diversified € 400
Corestate German Commercial Properties Corestate Capital Zurich German commercial €500
East Capital Russian Property Fund East Capital Private Equity Stockholm Russia diversified €200
Elgin Capital Fund Elgin Capital Dublin Berlin residential €60
Emerging Property Fund II Global Finance Athens Southest Europe diversified € 350
Endurance Health Care Orco Property Group Luxembourg Europe healthcare €150
Endurance Logistics and Light Industrial Orco Property Group Luxembourg Europe industrial €150
Endurance Office II Orco Property Group Luxembourg Europe industrial €200
EPI Healthcare 1 EVLI Bank Helsinki Finnish Healthcare €60
European Continental RE Fund Clearbrook Capital Partners London Europe diversified £1,000
European Ventures Fund III LaSalle Investment Management Chicago Europe diversified $1,250
GED Real Estate Eastern Investments GED Spain Europe diversified €100 – €150
German Aktiv Property Fund Teesland iOG London German diversified €370
Global Property Fund Global Finance Athens Balkan development $150 – $200
Heitman European Industrial Property Partners Heitman Chicago Europe industrial €200 – €300
Heitman European Property Partners IV Heitman Chicago Europe diversified €500 – €750
Hexagone Morley / DTZ London French diversified € 210
Meyer Bergman European Retail Partners Meyer Bergman London Europe retail € 600
MIL Equity Partners EquityInvest Boston Central/Eastern Europe diversified $100
Moor Park Real Estate Fund Moor Park Capital London Europe diversified €1,200
Mosiac Central and Eastern European II Mosaic Property London Central/Eastern Europe diversified €200
Nordic Retail Fund Protego Real Estate Investors London Nordic retail €215
Orion European Real Estate Fund III Orion Capital Partners London Pan-Europe diversified € 1,000
PIK Real Estate Fund PIK Group Moscow Russia diversified $1,000
Schroder Italian Property Fund II Schroder Property Investment London Italy diversified €250 – €350
The Sava Fund Chayton Capital London Southest Europe diversified €150
UK Property Ventures No. 1 Fund Cordea Savills London UK diversified £200
Valad Opportunity Fund II Valad Property Group Sydney UK diversified £250 – £400
Europe funds subtotal $24,340
Asia/RoW funds
N/A Actis Advisors Mumbai India diversified $250 – $300
Aetos Capital Asia Fund III Aetos Capital New York Asia diversified $2,500
AEW Value Investors Asia AEW Singapore Asia diversified $350
AG Asia Realty Fund Angelo Gordon New York Asia diversified $300
Anand Rathi Realty Fund Anand Rathi Mumbai India diversified $115
Appian Indian Real Estate Portfolio Appian N/A India diversified $150
ARA Asia Dragon Fund ARA Asset Management Hong Kong Asia diversified $1,500
Asia Real Estate Opportunity Fund I Standard Chartered / Istithmar Singapore Pan-Asia diversified $750
Asia Value Fund ING Real Estate Investment Management Hong Kong Asia diversified $1,000
CapitaRetail China Development Fund II CapitaLand Singapore China retail $600
Catalyst Samsara India Opportunity Fund I Catalyst Capital / Samsara Capital London / Mumbai India diversified $130
China Opportunity Fund II ING Real Estate Investment Management Hong Kong Greater China diversified $750
CIMB-Mapletree Real Estate Fund 2 CIMB Real Estate/Mapletree Capital Malaysia / Singapore SE Asia diversified $290
Citigroup Property Investors Asia II Citigroup Property Investors New York Asia diversified $3,000
Horizon Realty Fund Capitaland/Pantaloon Retail Singapore/Mumbai India retail $350
Carlyle Santa Fey Real Estate Fund The Carlyle Group Washington DC India diversified $300
CIMB-Mapletree Real Estate Fund II CIMB Group/ Mapletree Capital Man Malaysia / Singapore Asia diversified $290
Cordea Nichani Indian Opportunities Number One Cordea Savills London Indian development $200
DHFL Venture Capital Fund II Dewan Housing Finance Mumbai India residential $200
Fortune Capital Holdings PFH Investment Advisory Mumbai India hospitality $200
Forum Asian Realty Income Fund III Forum Partners Beiing Asia diversified N/A
N/A Greenwich Group International New York India development $1,000
HDFC Real Estate Venture Fund II HDFC Mumbai India hospitality $750
India Real Estate Opportunities Fund II IREO New York India development $400
Indiareit Indiareit Fund Advisors (Piramal) Mumbai India development $800
N/A Indiareit Mumbai India diversified $200 – $250
N/A SHUAA Partners Dubai Saudi Arabia hospitality $534
Kotak India Realty Fund Kotak Realty Fund Mumbai India diversified $350
Kshiti Venture Capital Fund Pantaloon Retail/Dalmia Group Mumbai India retail $60
LaSalle Asia Opportunity Fund III LaSalle Investment Chicago Asia diversified $1,000
LaSalle Japan Logistics Fund II LaSalle Investment Chicago Asia logistics $400
Leopard Cambodia Fund Leopard Capital Hong Kong Cambodia diversified $100
Lotus Hotel Investment Fund Lotus Hotel Investment Fund Hong Kong Asian hotels $1,000
Milestone Domestic Scheme II Milestone Capital Advisors Mumbai India diversified $250
New City Asia Partners New City Capital Tokyo Asia diversified $1,000
Pacific Alliance China Land Fund Pacific Alliance Group Hong Kong China diversified $400
Pradera China fund Pradera Asset Management London China retail $3,000
Protego Qudos Vietnam Property Fund Protego Real Estate Investors London Vietnam residential $200
Protego WIRE Indian Office Development Fund Protego Real Estate Investors London Indian office $150
Red Fort Real Estate India Fund II Red Fort New Delhi India diversified $795
Safron Investment Advisors Safron Investment Advisors Mumbai India development $500
SHUAA Hospitality Fund I SHUAA Partners Dubai MENA hospitality $200
Tano India Real Estate Fund Tano Capital San Mateo (CA) India diversified $100-$500
Tishman Speyer India Fund Tishman Speyer/ICICI New York India diversified $600
Tishman Speyer GSC China Fund Tishman Speyer/GSC New York China diversified $500
Trikona Trinity Capital Trikona Capital Grand Cayman India development $300
Triseas Korea Property Fund II Doran Capital Partners Seoul Asia diversified $600
Unitech International Realty Fund I Unitech New Delhi India residential $500
N/A West University Capital Houston India diversified $300
Asia/RoW funds subtotal $31,894
Funds of funds
4IP European Real Estate Fund of Funds Sal. Oppenheim Zurich Europe fund of funds €300
AIPP Asia Select Aberdeen Property Investors Stockholm Asia fund of funds $600
Aberdeen Indirect Property Partners II Aberdeen Property Investors Stockholm Europe fund of funds € 600
Aberdeen Indirect Property Partners Active Aberdeen Property Investors Stockholm Europe fund of funds € 500
American Value Partners Fund I American Value Partners Los Angeles US fund of funds $400
Composition Capital Americas Composition Capital Partners Amsterdam Americas fund of funds $300
Composition Capital Asia II Composition Capital Partners Amsterdam Asia fund of funds $400
Composition Capital Europe II Composition Capital Partners Amsterdam Europe fund of funds €350
Continental European Fund II Schroder Property Investment London Europe fund of funds €250
Franklin Templeton Asian Real Estate Fund Franklin Templeton Institutional San Mateo (CA) Asia fund of funds $500
Franklin Templeton European Real Estate Fund of Funds 2 Franklin Templeton Institutional San Mateo (CA) Europe fund of funds € 300
Franklin Templeton Private Real Estate Fund Franklin Templeton Institutional San Mateo (CA) International fund of funds $300
Franklin International Real Estate Fund 3 Franklin Templeton Institutional San Mateo (CA) Global fund of funds $300
Goldman Sachs Real Estate Partners Goldman Sachs New York Global fund of funds $1,000
Goodman Eurozone Fund of Funds II Aberdeen Property Investors Stockholm Europe fund of funds € 500
Landmark Real Estate Fund of Funds Landmark Partners Simsbury (CT) Global fund of funds $250
Madison Harbor Private Real Estate Partners Madison Harbor Capital New York Global fund of funds $400
Metropolitan Real Estate Partners V Metropolitan Real Estate New York US fund of funds $250
Metropolitan Real Estate Partners Int’l II Metropolitan Real Estate New York Europe fund of funds $200
Newlin Realty Partners Newlin Capital Partners Princeton (NJ) Global fund of funds $130
Penn Square Global Real Estate Fund II Penn Square Capital Radnor (PA) Global fund of funds $300
Portfolio Advisors Real Estate Fund III Portfolio Advisors Connecticut Global fund of funds $300
Funds of funds subtotal $9,622
TOTAL TARGETED $146,146

FUNDS CLOSED IN 2008

FUND FIRM HEADQUARTERS STRATEGY CLOSE TARGET (M) CLOSED (M) DATE
Global funds
Blackstone Real Estate Partners VI The Blackstone Group New York Global diversified Final N/A $900 Apr-08
Equity International Fund IV Equity International Properties Chicago Global diversified Final N/A $500 Feb-08
Westbrook Real Estate Fund VIII Westbrook Real Estate Partners New York Global diversified Final N/A $2,500 Feb-08
WCP II Westport Capital Partners Westport (CT) Global diversified First $500 $200 May-08
Global funds subtotal $4,100
Americas funds
AG Realty Fund VII Angelo Gordon New York US diversified Final $1,250 $1,250 Apr-08
Apollo Domestic Emerging Markets Fund Apollo Real Estate Advisors New York US diversified First $525 $420 May-08
BlackRock Retail Opportunity Fund BlackRock New York US retail / mixed-use Final N/A $503 Feb-08
Canyon Johnson Urban Fund III Canyon Johnson Los Angeles US urban diversified Final N/A $1,000 Apr-08
Richard Ellis Richard Ellis Los Angeles US diversified Final N/A $2,100 May-08
DRA Growth & Income VI DRA Advisors New York US diversified Final N/A $1,250 Mar-08
FIP Prosperitas II Prosperitas Sao Paolo Brazil diversified Final N/A $600 Apr-08
Harrison Street Real Estate Partners II Harrison Street Real Estate Capital Chicago US diversified Second $300 $240 Jun-08
JER Real Estate Partners IV JER Partners McLean (VA) US diversified Final $1,250 $772 Mar-08
LaSalle Income and Growth Fund V LaSalle Investment Management Chicago US diversified Final N/A $728 Jun-08
Phillips Edison Fund IV Phillips Edison Cincinnati US retail / distressed First $500 $145 Jan-08
RLJ Real Estate Fund III RLJ Development Maryland US / Canada Final N/A $1,200 Jan-08
Savanna Real Estate Fund I Savanna Investment Management New York US diversified Final N/A $313 Feb-08
Vinum Capital Partners I Vinum Capital Management California US wineries Final N/A $250 May-08
Western National Realty Fund II Western National Group California US multifamily First $300 $200 Feb-08
Americas funds subtotal $10,971
Europe funds
Apollo European Real Estate III Apollo Real Estate Advisors New York Europe diversified Final N/A $1,400 Mar-08
Carlyle Europe Real Estate Parnters III The Carlyle Group Washington DC Europe diversified Final N/A € 2,200 Jun-08
Catalyst European Property Fund Catalyst Capital London Europe diversified Second €400 €168 May-08
Corestate German Residential Limited Corestate Capital Zurich German residential Final N/A € 486 May-08
Emerging Europe Fund Europa Capital Partners London Eastern Europe Final N/A € 150 Jun-08
Europa Fund III Europa Capital Partners London Western and Central Europe diversified Final N/A € 600 Jun-08
EPI Special Opportunities Curzon Global Partners / AEW Europe London / Paris Pan-European diversified Final N/A €800 May-08
European Strategic Real Estate Fund Quinlan Private Dublin Europe diversified Final N/A € 400 May-08
Italian Opportunities II Cordea Savills London Italy diversified Final €300 €360 Jan-08
MGPA Europe Fund III MGPA London Europe diversified Final N/A $1,300 Jun-08
Moorfeld Real Estate Fund II Moorfeld Group London UK diversified Final N/A £400 Feb-08
Niam Fund IV Niam AB Stockholm Nordic and Baltics diversified Final N/A €700 Jan-08
Resolution Real Estate III Resolution Property London UK and Europe diversified Final N/A €800 Jan-08
Rockspring TransEuropean Property IV Rockspring Property Inv Managers London EU diversified Final €275 €600 Mar-08
Europe funds subtotal $14,858
Asia/RoW funds
JP Morgan Greater China Property Fund JP Morgan Asset Management New York Greater China diversified Final N/A $600 May-08
MGPA Asia Fund III MGPA London Asia diversified Final N/A $3,900 Jun-08
Strategic Partners Asia II Richard Ellis Investors Los Angeles Asia diversified Final N/A $400 Feb-08
The Pearl Qatar Development Fund United Development Company Qatar Qatar diversified Final $300 $300 Jan-08
Asia/RoW funds subtotal $5,200
Fund of funds
HRJ Global Real Estate Fund III HRJ Capital San Francisco Global fund of funds Final N/A $155 Mar-08
Penn Square Global Real Estate Fund I Penn Square Capital Radnor (PA) Global fund of funds Final $100 $231 May-08
SVP Real Estate I Sports Venture Partners Chicago Global fund of funds Final N/A $32 Mar-08
Fund of funds subtotal $418
TOTAL $35,546

The big boysFunds in market with targets of $2bn or more

FIRM FUND STRATEGY TARGET (M)
Aetos Capital Asia diversified $2,500
Beacon Capital Partners Europe / US office $6,000
The Blackstone Group Europe diversified € 3,000
Cerberus Real Estate Capital Management Global diversified $3,000
Citigroup Property Investors Asia diversified $3,000
Colony Capital US distressed $2,000
Credit Suisse Global diversified $2,000
LaSalle Investment Management Asia diversified $2,500
Lehman Brothers Global diversified $3,000
Lubert-Adler US diversified $2,600
Macquarie Global Property Advisors Asia / Europe diversified $3,500
Morgan Stanley Real Estate Global diversified $10,000
Perella Weinberg Global diversified $2,500
Pradera Asset Management China retail $3,000
Rockpoint Global diversified $2,000
Stockbridge Capital Partners US diversified $3,000
Tishman Speyer US diversified $2,000
Walton Street Capital Global diversified $2,500