Principal Financial Group Inc. (PFG) unit Principal Real Estate Investors said it will act on behalf of the California State Teachers' Retirement System in a new joint venture with Sealy & Co. Inc., a Dallas real estate investment firm.
The venture's current equity commitments total about $200 million. It will acquire and develop a portfolio of industrial properties, mostly to be held for long-term income and appreciation.
Saturday, February 2, 2008
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