Managers

The Florham Park, New Jersey-based investment firm is seeking $150 million to invest in land on which to develop single-family homes for sale.

The Chicago-based real estate investment firm is seeking C$250 million to invest in non-core properties in Canada’s top metropolitan areas.

The $160.4 billion pension plan intends to add more senior investment professionals, particularly in alternatives, and rely less on outside consultants for due diligence and underwriting in the future.

The firm’s head of investor relations describes the opening as part of its mission to refine its services for investors which she called “Rockspring’s top priority”.

The Los Angeles-based investment firm has purchased the San Jose Marriott Hotel from Prudential for $83 million on behalf of its CBRE Strategic Partners US Value 6 fund.

The Teacher Retirement System (TRS) of Texas has committed to the second closing of London-based Tristan Capital Partners’ European Property Investors Special Opportunities 3 (EPISO3) fund. The firm has now raised more than €300m.

Ellis Short, who was a leading principal at private equity real estate titan Lone Star Funds, has formed a new firm and is aiming to corral $1 billion for investments in distressed real estate assets and non-performing debt in Europe.

The $15.6 billion pension plan intends to shift its focus from real estate to real assets and is in the process of seeking a new consultant to help find such investments. SFERS also recently committed $40 million to Berkshire Property Advisors’ latest multifamily fund.

The Los Angeles-based asset manager has teamed up with Citibank to raise $200 million in equity to invest in underserved communities throughout California, Texas and Illinois. With leverage, the fund is positioned to acquire and manage up to $800 million in multifamily communities.

The real estate arm of GE and the Canadian pension fund will commit an initial $403 million to a Japanese joint venture targeting Tokyo offices. The JV marks CPPIB’s second real estate partnership in Japan.