REFILE-FACTBOX-Real estate funds activity in June

Mon Jul 13, 2009 7:15am EDT
 
[-] Text [+]
 (Fixes spelling of 'Advisors' in Blackstone Real Estate Advisors Group)
 
 July 13 (Reuters) - Falling property values are tempting some of the world's
biggest fund managers back into real estate. Several billions of dollars have
been raised in recent months as managers compete for investor cash and claim
pole position for the biggest bargains.
 The following are tables of real estate-focused funds either announced in
June, or whose fundraising period closed in that month. The tables are collated
from a variety of sources. Please click on the codes in brackets for related
stories.
 
 FUNDS ANNOUNCED IN JUNE 2009
 MANAGER (FUND NAME)                        Announced    FUNDS SOUGHT
=====================================================================
 Mid America Apartment Communities Inc      June 29      $250 mln
 - Mid America-Multifamily Fund II [ID:nWNAB3016]
 
 Henderson Global Investors                 June 24      TBA
 - Global fund of funds [ID:nLO555619]                TBA
 - UK retail                                          TBA
 - France retail                                      TBA
 
 VinaCapital                                June 23      $350 mln
 - VinaCapital Vietnam Land II [ID:nSIN492207]
 Mitsubishi Estate (8802.T)                 June 17      TBA
 - Office buildings in New York [ID:nT24841]
 Travelodge                                 June 17      100 mln stg ($161 mln)
 - Struggling hotels in mature town and city centres [ID:nLH721357]
 
 VTB Capital (VTBR.MM)/Deutche Bank (DBKGn.DE) June 4    $300 mln
 - VTBC-DB Real Estate partners I LP [ID:nL4698727]
 
 ING                                        June 2       $500 mln-$700 mln
 - China Opportunity Fund II [ID:nSHA204354]
 
 
 FUNDING ROUNDS CLOSED IN JUNE 2009*
 MANAGER (FUND NAME)                        CLOSED      FUNDS RAISED
====================================================================
Blackstone Real Estate Advisors Group (BX.N) June 29  $3.1 bln
- Blackstone Real Estate Partners Europe III [ID:nLT727855]
 
 LBA Realty                                 June 25     $750 mln
 - LBA Realty Fund IV
 
 Phillips Edison & Co                       June 2      $425 mln
 - Phillips Edison Shopping Center Fund IV
 
 Imorendimento                              June 1      200 mln eur ($278.2 mln)
 - IMO Pan-Iberian Retail
 
 Encore Enterprises                         June 22     $150 mln
 - Encore Opportunity Fund I
 
 Bluehouse Capital                          June 30     120 mln eur ($166.9 mln)
 - Bluehouse Accession Property (III)
 
 ASK Investment Holding                     June 15     5 bln rupees ($102 mln)
 - Ask Real Estate Special Opportunities Portfolio I
 
 * Source: Preqin
 
 (Compiled by Andrew Macdonald; Editing by David Holmes)






 

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