Posted by: BayAreaComRE | January 28, 2010

AEW eyes San Francisco to invest in 2010

The Registry reported that “AEW Capital Management has $1 billion in equity and debt to invest in real estate on a nationwide basis in 2010, and the San Francisco region is one of its target markets, said Tom Mullahey, West Coast acquisitions director for the company. AEW is eyeballing retail and industrial properties as well as apartments and senior housing, he said.”

AEW purchased Stevens Creek Shopping Center in San Jose last year, but will now focus on San Francisco. This news backs up our recent story that San Francisco is ranked 3rd in foreign investment opportunities, See BayAreaComRE story.

“AEW’s $1 billion in dry powder is held by a combination of commingled funds and separate accounts. The money manager will seek properties across the risk spectrum including core and value-added opportunities. One of its capital sources will be AEW Value Investors II. This is a closed-ended, commingled fund for which AEW has raised $650 million in equity.”

See the full story at The Registry.

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