25.11.2013 - Hillwood and SWF debut broad spectrum industrial real estate venture
A major sovereign wealth fund and Hillwood, a real estate investment and development company owned by Ross Perot , Jr., announced the initial closing of a new fund to make direct and indirect investments in industrial real estate, principally large warehouses, across North America. According to a release, Hillwood will have responsibilities for acquisitions, developments, and joint ventures with other developers. With an expected total equity amount of $400 million - over half of which has been identified and committed - the partnership is expected to deploy more than $1 billion over the next three to four years. The partnership represents the second such venture between Hillwood and the sovereign wealth fund...............................................Full Article: Source
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