Unlikely Investors Succeed In Real Estate Deal

Jones Lang LaSalle India’s investment arm looks to raise its second real estate fund

An Al. Neyer-led investor group also contributed a minority share of the project investment. Both groups invested just under $3 million in the project. Over the next months, crews renovated the interior of the building at 237 William Howard Taft Road and razed the Shriners hall next door to make room for a large parking lot.

Frontier Real Estate Investment Corp (8964.T)

Chart for 8964.T

18, 2014 /PRNewswire/ — WRIT’s Board of Trustees announced today a quarterly dividend of $0.30 per share to be paid on March 31, 2014 to shareholders of record on March 14, 2014. View photo WRE)” border=”0″ alt=”Washington Real Estate Investment Trust ( WRE )” align=”middle” name=”prni9cc9left” /> This is WRIT’s 209th consecutive quarterly dividend. WRIT is a self-administered, self-managed, equity real estate investment trust investing in income-producing properties in the greater Washington metro region. WRIT owns a diversified portfolio of 51 properties totaling approximately 7 million square feet of commercial space and 2,675 residential units, and land held for development. These 51 properties consist of 23 office properties, 16 retail centers and 12 multifamily properties. WRIT shares are publicly traded on the New York Stock Exchange (NYSE:WRE). Certain statements in this press release are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially. Such risks, uncertainties and other factors include, but are not limited to, the potential for federal government budget reductions, changes in general and local economic and real estate market conditions, the timing and pricing of lease transactions, the availability and cost of capital, fluctuations in interest rates, tenants’ financial conditions, levels of competition, the effect of government regulation, the impact of newly adopted accounting principles, and other risks and uncertainties detailed from time to time in our filings with the SEC, including our 2012 Form 10-K and third quarter 2013 Form 10-Q. We assume no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.

The fund, to be raised in domestic market , will focus on investing in leased commercial assets across major office property markets in India, said two persons close to the development. The global real estate services firm recently concluded its maiden real estate fund, Residential Opportunities Fund I, worth Rs 161 crore. Raised through its real estate investment management arm Segregated Funds Group, it will concentrate on the residential sector in India. The close-ended fund will scout for leased office properties in commercial centers in India, including the Delhi-National Capital Region, Mumbai Metropolitan Region, Bangalore, Pune, Hyderabad, Kolkata and Chennai. The investment arm is planning to raise the fund after general elections in mid-2014. “Jones Lang LaSalle Segregated Funds Group is exploring commercial office market space, but is yet to firm up a strategy,” JLL’s investment arm said while responding to ET’s email query.

Washington Real Estate Investment Trust Announces 209th Consecutive Quarterly Dividend

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