Door Opens for Private Equity

With REITs temporarily sidelined, several funds take center stage in pursuit of high-yielding assets.

WNC Closes $144 Million Institutional LIHTC Fund

IRVINE, Calif. — WNC, an Irvine-based real estate investor, has closed WNC Institutional Tax Credit Fund 43 LP, a $144 million institutional low-income housing tax credit (LIHTC) fund.

Harrison Street Raises $1.15B for New Investment Fund

CHICAGO — Harrison Street Real Estate Capital, a Chicago-based private equity firm that invests in education, healthcare and storage real estate, has completed a capital raise of $1.15 billion for its investment fund Harrison Street Real Estate Partners VI.

M&A Volume Falls Back to Earth

While acquisition activity drops dramatically in 2016 as REITs retool their strategies, institutional investors make a splash.

AEW Closes Latest Seniors Housing Fund at $500M

BOSTON — AEW Capital Management, a Boston-based investment management firm, has closed its most recent fund, AEW Senior Housing Investors III LP with commitments totaling $500 million.