Capital Watch

Capital Watch 2007-11-01 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
Blackstone RE Partners VI The Blackstone Group New York Global diversified $8,000
Contrarian Real Estate Fund Contrarian Capital Stamford (CT) US/Europe distressed $250
DLJ Real Estate Partner IV Credit Suisse New York Global diversified $2,000
GoldenTree In Site Partners Oppty Fund Golden Tree InSite Partners New York Global diversified $500
Lehman Brothers Real Estate Partners III Lehman Brothers New York Global diversified $3,000
Lone Star Fund VI Lone Star Funds Dallas Global diversified $6,000
Macquarie Global Property Fund III Macquarie Global Property Advisors Hong Kong Asia/Europe diversified $3,500
N/A Perella Weinberg Partners New York Global diversified N/A
Rockpoint Real Estate Fund III Rockpoint San Francisco Global diversified $2,000
Walton Street Real Estate Fund VI Walton Street Capital Chicago US/Europe diversified $2,500
WCP Real Estate Fund I Westport Capital Partners Westport (CT) Global diversified $500
Westbrook Real Estate Fund VII Westbrook Partners New York Global diversified $1,250
Global funds subtotal $30,020
North America funds
AEW Value Investors II AEW Boston US diversified $500
AG Realty Fund VI Angelo Gordon New York US diversified $500
Avenue Real Estate Fund Avenue Capital New York US distressed $300
Blackacre Institutional Partners Blackacre New York US distressed N/A
Black Creek Mexico Residential Fund Black Creek Group Denver Mexico diversified $500
Brascan Real Estate Opportunity Fund Brascan New York NA diversified $1,000
Broadway Real Estate Partners III Broadway Partners New York US office $1,000
Buchanan Fund V Buchanan Street Partners Newport Beach (CA) Global diversified $400
Canyon Johnson Urban Fund III Canyon Johnson Los Angeles US urban diversified $750
Capri Urban Investors Capri Capital Partners Chicago US urban diversified $1,200
CASA Partners IV Henderson Global Investors Chicago US multi-family $300
Richard Ellis Richard Ellis Los Angeles US diversified $1,000
Ceres Realty Fund II BlakelyStern Investment Advisors New York US northeast diversified $100
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
CIM Urban Real Estate Fund III CIM Group Los Angeles California diversified $750
CREF IV Calare Properties Hudson (MA) US northeast diversified $30
Crown Capital Opportunities Fund Crown Capital St. Louis US diversified $200
N/A Crescent Hotels and Resorts Fairfax (VA) US hospitality $350
Cronus Capital Fund I Cronus Capital New York US diversified $200
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
Crocker Partners IV Crocker Partners Boca Raton (FL) Global diversified $300
DRA Growth & Income VI DRA Advisors New York US diversified $1,250
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
Green Courte Real Estate Partners II Green Courte Partners Lake Forest (IL) US diversified $225
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
JER Real Estate Partners IV JER Partners McLean (VA) US diversified $1,250
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 Canadian Income & Growth Fund II LaSalle Investment Management Chicago Canada diversified $350
LaSalle Income and Growth Fund V LaSalle Investment Management Chicago US diversified $750
LaSalle Medical Office Fund II LaSalle Investment Management Chicago US medical office $350
LaSalle Mexico Fund LaSalle Investment Management Chicago Mexico diversified $500
Lazard Freres Strategic Realty Investors III Lazard Freres & Co. New York US healthcare $500
LBA Realty Fund III LBA Realty Irvine (CA) US office / industrial N/A
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
Macfarlan Special Situations Fund Macfarlan Capital Partners Dallas US distress $300
MacFarlane Urban Realty Partners MacFarlane Partners San Francisco US urban diversified $1,000
N/A MayfeldGentry Realty Detroit US urban diversified $150
Market Street Capital DivcoWest San Francisco US office $650
Miller Global Fund V Miller Global Properties Denver US diversified $400
N3 Opportunity Fund I N3 Realty Advisors Forth Worth (TX) US diversified/retail development $50
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
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
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
Savanna Real Estate Fund I Savanna Partners New York East Cost diversified $400
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

FUNDS IN MARKET/COMING TO MARKET

FUND FIRM HEADQUARTERS STRATEGY TARGET (M)
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
Strategic Office Fund I NNN Realty Advisors Santa Ana (CA) US net-leased office/retail $250
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
Urdang Value Enhancement Fund VI Urdang Capital Mgmt. Plymouth Meeting (PA) US diversified $450
Williams Opportunity Fund Williams Realty Advisors Atlanta US diversified $120
North America funds subtotal $41,035
Europe funds
Aberdeen Property Fund Russia Aberdeen Property Investors Stockholm Russia diversified €250
Capmark UK Realty Partners Fund Capmark Financial Horsham (PA) UK diversified €250
Carlyle Europe Real Estate Partners III The Carlyle Group Washington DC European diversified $1,500
N/A Catalyst Capital London Europe diversified €500
Corestate German Commercial Properties Corestate Capital Zurich German commercial €500
Corestate German Residential Corestate Capital Zurich Germany residential €4,000
Elgin Capital Fund Elgin Capital Dublin Berlin residential €60
Endurance Health Care Orco Property Group Luxembourg Europe healthcare €150
Endurance Hospitality Orco Property Group Luxembourg Europe hospitality €250
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
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
Fondo Azzurro Henderson Global Investors London Italy retail € 250
Heitman European Industrial Property Partners Heitman Chicago Europe industrial €200 – €300
Hines European Development Fund Hines Houston Europe development $430
Italian Opportunities II Cordea Savills London Italy diversified €300
MIL Equity Partners EquityInvest Boston Central/Eastern Europe diversified $100
Moor Park Real Estate Fund Moor Park Capital London Europe diversified €1,200
Nordic Retail Fund Protego Real Estate Investors London Nordic retail €215
NIAM Nordic Investment Fund IV Newsec Incentive Asset Mgmt. Stockholm Nordic region diversified N/A
UK Property Ventures No. 1 Fund Cordea Savills London UK diversified £200
Europe funds subtotal $12,337
Asia/RoW funds
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
Horizon Realty Fund Capitaland/Pantaloon Retail Singapore/Mumbai India retail $350
N/A The Carlyle Group Washington DC Latin America diversified $400-$600
Carlyle Santa Fey Real Estate Fund The Carlyle Group Washington DC India diversified $300
Colony Asia Investors II Colony Capital Los Angeles Asia diversified $400
DHFL Venture Capital Fund II Dewan Housing Finance Mumbai India residential $200
N/A EAV Realty New York China diversified $100-$500
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
N/A New City Capital Tokyo Asia diversified $1,000
LaSalle Asia Opportunity Fund III Lasalle Investment Managment Chicago Asia diversified $1,000
LaSalle Japan Logistics Fund II Lasalle Investment Managment Chicago Asia logistics $400
Kotak Realty Fund II Kotak Realty Fund Mumbai India diversified $350
Kshiti Venture Capital Fund Pantaloon Retail/Dalmia Group Mumbai India retail $60
Prosperitas Real Estate Partners I Prosperitas Capital Sao Paolo Brazil diversified $330
Red Fort Real Estate India Fund I Red Fort New Delhi India diversified $300
Tano India Real Estate Fund Tano Capital San Mateo (CA) India diversified $100-$500
Tishman Speyer Brazil Fund Tishman Speyer New York Brazil diversified $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
N/A Trikona Capital Grand Cayman India development $300
Walton Street Mexico Fund I Walton Street Capital Chicago Latin America diversified N/A
N/A West University Capital Houston India diversified $300
Asia/RoW funds subtotal $14,225
Fund 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
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
Fiduciary International Real Estate Fund 2 Franklin Templeton/Fiduciary San Mateo (CA) Global fund of funds $300
Goldman Sachs Real Estate Partners Goldman Sachs New York Global fund of funds $1,000
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
Fund of funds subtotal $4,825
TOTAL $102,442

FUNDS CLOSED IN 2007

FUND FIRM HEADQUARTERS STRATEGY CLOSE TARGET (M) CLOSED (M) DATE
Global funds
Baynorth Realty Fund VII Baynorth Capital Boston US/ Europe diversified Final $400 $473 Mar-07
Beacon Capital Strategic Partners V Beacon Capital Partners Boston US / Europe diversified Final $ 3000 $4000 Sep-07
Macquarie Global Property Fund III Macquarie Global Property Advisors Hong Kong Asia / Europe diversified First $3,500 $800 Jun-07
Morgan Stanley Real Estate Fund VI Int'l Morgan Stanley New York Non-US diversified Final $8,000 $8,000 Jun-07
Redwood Grove International Grove International Partners London Europe / Japan diversified Final $1,500 $2,000 Jun-07
Whitehall Street Global Real Estate 2007 Goldman Sachs New York Global diversified Final N/A $4,100 Jun-07
Global funds subtotal $19,373
North America funds
Acadia Strategic Opportunity Fund III Acadia Realty Trust White Plains (NY) US retail First $500 $450 May-07
Avanti Strategic Land Investors V Avanti Investment Advisors Winter Park (FL) US land Final N/A $200 Feb-07
Birchmont Capital Partners I Birchmont Capital Partners Los Angeles North America diversified Final N/A $200 Feb-07
BPG Investment Partnership VIII BPG Properties Philadelphia US diversified Final $650 $850 Jul-07
Carlyle Realty Partners V The Carlyle Group Washington DC NA diversified Final $1,500 $3,000 Sep-07
CPI Capital Partners North America Citigroup Property Investors New York North America diversified Final N/A $603 Aug-07
Equastone Value Fund II Equastone San Diego US office Final N/A $172 May-07
Harrison Street Real Estate Partners I Harrison Street Chicago North America diversified Final $150 $210 May-07
Heitman Value Partners II Heitman Chicago US diversified Final $800 $800 Jul-07
Hines US Office Fund Hines Houston US office Final $650 $828 Aug-07
IMT Capital Fund IMT Capital Los Angeles US residential Final N/A $350 Aug-07
Madison Marquette Retail Enht. Fund Madison Marquette Washington DC North America retail Final $350 $487 May-07
Noble Hospitality Fund Noble Investment Group Atlanta US hospitality Final N/A $310 Mar-07
Shamrock-Hostmark Hotel Fund Shamrock Capital Los Angeles US hospitality Final N/A $100 May-07
Shorenstein Realty Investors IX Shorenstein Properties San Francisco US diversified Final N/A $1,300 May-07
Rockwood Capital Real Estate Fund VII Rockwood Capital San Francisco US diversified Final N/A $1,100 Jan-07
Sterling American Property V Sterling Equities New York US diversified Final $400 $610 Jan-07
Place/Blue Vista Student Housing Fund Place Properties/Blue Vista Capital Atlanta/Chicago US student housing Second $200 $280 Apr-07
North America funds subtotal $11,850
Europe funds
Arminius Real Estate Opportunity Fund Arminius Advisors Frankfurt Germany distressed Final N/A €252 Apr-07
CapMan Real Estate Fund II CapMan Stockholm Finland diversified Final €150 €150 Apr-07
CB RE Strategic Partners Europe Fund III Richard Ellis Investors Los Angeles Europe diversified Final €600 $1,000 Aug-07
CB RE Strategic Partners UK Fund III Richard Ellis Investors Los Angeles UK diversified Final £300 $877 Aug-07
CPI Capital Partners Europe Citigroup Property Investors New York Europe diversified Final N/A €1,162 Aug-07
Colyzeo II Colony Capital Los Angeles Europe diversified Final $900 €1,000 Sep-07
Europa Emerging Europe Fund Europa Capital London Eastern Europe diversified First €200 €100 Mar-07
Harbert Real Estate II Harbert Managment Birmingham (AL) Europe diversified Final N/A €305 May-07
Heitman Russia and Ukraine Property Heitman Chicago Europe diversified Final N/A $145 Oct-07
ING Real Estate Iberian Value Added Fund ING Real Estate Amsterdam Spain/Portugal diversified Final €250 €300 Jun-07
JER Real Estate Partners Europe 3 JER Partners McLean (VA) Europe diversified Final €300 €809 Jun-07
LaSalle UK Venture Funds LaSalle Investment Management Chicago UK diversified Final £250 £250 Feb-07
Marbleton Property Fund JER Partners / Alfa Capital McLean (VA)/Moscow Russia/Ukraine diversified Final $200 $321 Jun-07
Patron Fund III Patron Capital London Europe diversified Final €500 €895 Mar-07
Polonia Property Fund II AIB Capital Markets Dublin Europe diversified Final €100 – €150 €200 Oct-07
Rockspring TransEuropean Property IV Rockspring Property London EU diversified First € 275 € 161 Aug-07
N/A SECURE Investments Cyprus SE Europe residential First N/A $50 Sep-07
Tishman Speyer European RE Venture VI Tishman Speyer New York Europe office Final € 500 $1,350 Jun-07
Europe funds subtotal $11,002
Asia/RoW funds
Colony Investors VIII Colony Capital Los Angeles Asia diversified Final $2,000 $4,000 Sep-07
CPI Capital Partners Asia Pacific Citigroup Property Investors New York Asia diversified Final N/A $1,290 Feb-07
HIREF International HDFC Mumbai Global diversified Final N/A $800 Aug-07
Triseas Korea Property Fund Doran Capital Partners Seoul Korea diversified First $250 $135 Mar-07
N/A KK Davinci Advisors Tokyo Asia diversified Final N/A $2,800 Feb-07
SUN-Apollo India Real Estate Fund SUN Group / Apollo Real Estate Mumbai / New York India diversified Final $500 $630 Jan-07
Asia/RoW funds subtotal $9,655
Funds of funds
Aberdeen Indirect Property Partners II Aberdeen Property Investors Stockholm Europe fund of funds First €500 €121 Oct-07
Aberdeen Indirect Property Partners Asia Aberdeen Property Investors Stockholm Asia fund of funds Second $600 $435 Apr-07
Continental European Fund I Schroder Property Investment London Europe fund of funds Final € 250 € 253 Jul-07
Franklin Temp. European Fund of Funds Franklin Templeton/ Fiduciary San Mateo (CA) Europe fund of funds Final N/A $273 Feb-07
LaSalle Investment Company II LaSalle Investment Managment Chicago Global fund of funds Final $1,000 $1,000 Mar-07
Funds of funds subtotal $2,359
TOTAL $54,240

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

FIRM FUND STRATEGY TARGET (M)
Beacon Capital Partners US / Europe diversified $3,000
The Blackstone Group Global diversified $8,000
Colony Capital Asia diversified $2,000
Credit Suisse Global diversified $2,000
Lehman Brothers Global diversified $3,000
Lone Star Funds Global diversified $6,000
Macquarie Global Property Advisors Asia / Europe diversified $3,500
Rockpoint Global diversified $2,000
Walton Street Capital US / Europe diversified $2,500
Stockbridge Capital Partners US diversified $3,000
Tishman Speyer US diversified $2,000