HOUSTON-Finesa Real Estate Group has retainedTranswestern Investment Management to buy, manageand dispose of commercial real estate assets for its $200 millionDiversified International Partners private equityCRE fund. In its first capital raise, the fundclosed on $70 million, attracting anchor commitments from three ofColombia's pension funds.

Now in its second capital raise, DIP geared towardincome-producing office, industrial, retail and multifamilyproperties throughout the United States. According to TIM managingdirector Juan DeAngulo, the fund is alreadyhunting up likely assets, and negotiations have commenced on twoproperties.

"We're focused on yield, cash-flow investment," he explains. "Wedon't want to buy empty buildings and take a ton of risk. Rather,we're focused on executing a strategy on properties with cash flowin place, and some upside."