The CNL Macquarie Global Growth
Trust aims to identify investments with the
potential for greater returns through a
combination of active management, renovation or repositioning, and development
or redevelopment, according to its prospectus. Specific property examples cited
include offices, shopping centers, industrial and business parks, multifamily housing
and healthcare properties.
Geography will be another factor in the
trust’s investment decisions, with up to 30%
of assets to be located outside the US.
Australia-based Macquarie has offices worldwide that will allow CNL to expand its scope
for opportunities, according to Mc Williams.
“We have historically aligned ourselves
with premiere companies that add value
and share our values,” he says, “and
Macquarie is another example of that as
we look to move globally.”
This marks the first collaboration
between CNL and Macquarie, both of
which have in-depth experience investing in and managing commercial real
estate within their respective markets.
“We anticipate that our combined expertise should be of significant benefit to
this new fund,” says Mark Mullen,
Macquarie division director.
Since it was established in 1973, CNL
has formed or acquired companies with
more than $23 billion in assets, including
hotel, retail, restaurant, senior housing
and lifestyle properties. Macquarie provides banking, financial, advisory, investment and funds management services
with more than $180 billion in assets
worldwide.—Carl Cronan, GlobeSt.com ◆
Reprint orders: www.remreprints.com
Enter code: F01093
• Retail REIT Developers Diversified
Realty has launched a solar energy
program in partnership with
SunEdison, North America’s largest
solar energy services provider. The
initiative will help DDR incorporate
solar photovoltaic systems at its
shopping centers. The multi-phase
deployment process will start with
properties in California, Colorado,
New Jersey and Puerto Rico.
• San Diego-based investment services firm, Silver Portal Capital
LLC, has formed a real estate advisory group. The division will provide
advice and strategic solutions to
institutional financial sponsors,
investors and operators, exclusively
in the real estate sector.
THE ROCK OF GIBRALTAR
HAS STOOD STRONG FOR MORE
THAN 200 MILLION YEARS.
DON’T YOU WISH YOUR LENDER HAD THAT
KIND OF STRENGTH IN TODAY’S MARKET?
There’s only one lender with the enduring strength of The Rock®.
Prudential Mortgage Capital Company. For more than a century,
The Rock has been the emblem of a company that stands strong,
no matter what challenges or conditions we face.
With seasoned veterans who have seen all
kinds of markets, we have the experience
you’re looking for today. Talk to us,
and discover why now, more than
ever, it makes sense to work with
a lender that’s Rock Solid®.
• In sign of the times, Criterion
Development Partners has
launched a specialty practice
addressing distressed multifamily
assets. With offices in Dallas and
Boston, the firm will provide services
such as underwriting analysis, design
development, entitlement processing,
repositioning and exit strategies to
lenders, owners, institutional investors and other equity partners.
• Cushman & Wakefield has
become the first real estate services
firm in the country to sign a sustainability pact with the Environmental
Protection Agency. The agreement
carves out environmental best practices designed to enhance energy
efficiency and reduce carbon footprint, promote water conservation
and minimize waste within C&W’s
corporate offices and properties
PRUDENTIAL MORTGAGE CAPITAL COMPANY
ON THE ROCK
© 2008. Prudential Financial.