| Most recent Comments - Allstate | ||
|---|---|---|
| Date | Deal | Comment |
| 02/11/2015 | Johnson Village Apartments - Charlottesville | Sent David Goetchel the introductory email -- duke |
| 10/07/2014 | PRP Real Estate Investors | 7-Jul-14 - Allstate is now focused on entity level investments -- duke |
| 10/07/2014 | PRP Real Estate Investors | 4-Nov-13 - Passed - They are seeking programmatic joint ventures with institutionally capitalized operating partners. Strategies are best characterized as core plus to value add in the major property types. Seeking returns in the 8 – 10% unlevered range (12 – 15% with leverage). Partners need the ability to contribute 50% of the equity (possibly less if they have a very strong credit profile), and their balance sheets need to support the assumption that they could execute a buy/sell without seeking outside capital. Closed end fund format generally does not work because of the nature of the structure. Their rule of thumb for groups to invest alongside is $500 - $1 B + of net equity. This group is fairly small and generally consists of REITs, institutions with in house real estate platforms, and private REOCs that have an institutional investor in their platform. -- duke |
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