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CalSTRS allocates $5.7 billion in second half of 2020
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CalSTRS committed a total of $1.8 billion to real estate and $3.9 billion to private equity including co-investments in the six months ended Dec. 31, CalSTRS reported.
Between July 1 and Dec. 31, the $282.5 billion California State Teachers Retirement System, West Sacramento, commitments included an additional $650 million to an office joint venture with Beacon Capital Management known as BCal II JV . It also committed an additional $250 million to Fairfield AHF. In 2019, CalSTRS acquired a majority interest Fairfield Residential Co. LLC from Brookfield Asset Management. Brookfield retained its investment manager interest in Fairfield s real estate funds.
CalSTRS also committed $300 million to a residential developer
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MIAMI, March 1, 2021 /PRNewswire/ Starwood Capital Group ( Starwood Capital ), a global private investment firm focused on real estate and energy investments, today announced it has originated a £1.8bn Term Loan as Mandated Lead Arrangers to Blackstone Capital Partners ( BCP ) and Blackstone Real Estate Partners ( BREP ) for the acquisition of Bourne Leisure, a premier UK holiday company.
Starwood Capital will hold £720m split evenly between two of its investment vehicles, Starwood Real Estate Income Trust, Inc. ( SREIT ), a non-traded REIT managed by Starwood REIT Advisors, L.L.C., a subsidiary of Starwood Capital, and Starwood Property Trust, Inc. (NYSE: STWD).
Haven s Hafan y Mor, Greenacres, and Presthaven holiday parks owner sold to US investors dailypost.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailypost.co.uk Daily Mail and Mail on Sunday newspapers.
BOURNE Leisure has been acquired by American company Blackstone. Bourne Leisure operates through its three brands, Haven, Butlin’s and Warner Leisure Hotels. Haven is the largest UK caravan operator with 38 holiday parks and 2.5 million visitors a year. Bodelwyddan Castle Hotel is owned by Warner Leisure Hotels. Haven has Presthaven in Prestatyn and Hafan y Môr in Pwllheli. In Porthmadog, Haven operates Greenacres, Cardigan View and Garreg Wen. Lionel Assant, European head of Private Equity at Blackstone, a global investment firm, said: “We are long-term believers in the UK and are delighted to invest meaningful capital, despite recent uncertainty, to support the recovery of a Covid-impacted industry, and wider local economies.