REFILE-FACTBOX-Real estate funds activity in June
(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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