news
CalSTRS, Sealy Form $200 Million Industrial JV
Institutional Real Estate, Inc.
February 4, 2008
The $180 billion California State Teachers' Retirement System (CalSTRS) and real estate investment firm Sealy & Co. have formed a new industrial joint venture to acquire and develop industrial projects in the Sun Belt of the United States. Current equity commitments to the venture total approximately $200 million. Principal Real Estate Investors will act on behalf of CalSTRS for the joint venture.
Institutional Real Estate, Inc.:http://www.irei.com/web/do/pub/news?id=56
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