(Read more on the debt and equity markets andthe multifamilymarket .)
DALLAS-Dutch pension fund PGGM has pledged another $100 millionto Behringer Harvard, with the option of raising the equity staketo $300 million. The co-investment is aimed solely at acquiring newand to-be developed, class A multifamily properties in the US.
Mark Alfieri, SVP of the Dallas-based investment group, tellsGlobeSt.com that PGGM has a three-year window to invest in thepool, which was jump-started in May2007 when the pension fund made its first direct investmentin US real estate. "It's a real credit to our team and ourmanagement team to have the confidence of such a prestigiouspension fund," he says.
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