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CalSTRS, Sealy Form $200M Industrial JV
Commercial Property News
January 30, 2008
Principal Real Estate Investors, acting for the California State Teachers’ Retirement System, is forming a $200 million industrial joint venture with the real estate investment firm Sealy & Company Inc., it has reported. The venture will acquire and develop industrial projects. The goal of the venture is to create a portfolio of institutional-quality industrial properties. These will be held for long-term income and appreciation. Select deals with shorter time-horizons will also be considered, however. Target markets include Southeastern, South-Central and Southwestern regions of the United States. Target cities include: Houston, Dallas, San Antonio, Austin, Atlanta, Nashville, Jacksonville, Tampa and Orlando.
URL: http://www.cpnonline.com/cpn/content_display/property-types/industrial/e3idd28bbde51ed5ac9d0d18c61a471d7a1
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