AEW raises $650m for North American buying spree.AEW AEW Airborne Early Warning AEW Air Expeditionary Wing AEW Airborne Electronic Warfare AEW Agr' Eau' Wat (Canadian agricultural consultant) AEW Amckerns Explosion Wars (Half Life community) Capital Management, L.P., has closed AEW Value Investors II, L.P., a value-added real estate fund which exceeded its target capitalization with a total of $651 million in equity commitments. The Fund's strategy is to add value through redevelopment, repositioning repositioning Laparoscopic surgery The changing of a Pt's position during a procedure to improve access or visualization of the operative field, which may be linked to complications, as it changes anatomic planes of operation. Cf Laparoscopic surgery. , re-leasing, recapitalization Recapitalization Restructuring a company's debt and equity mixture often with the aim of making a company's capital structure more stable. Notes: Companies often want to diversify their debt-to-equity ratio to improve liquidity. and selective development in order to generate attractive risk-adjusted returns Risk-Adjusted Return A measure of how much risk a fund or portfolio takes on to earn its returns, usually expressed as a number or a rating. Notes: This is often represented by the Sharpe Ratio. The more return per unit of risk, the better. . The geographic focus is North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . "AEW Value Investors II offers investors the best of both worlds: current income, as well as appreciation potential," said Pamela J. Herbst, head of AEW's Direct Investment Group. "The Fund will seek to generate returns by changing the risk-profile of each property through stabilizing and growing the income stream, reducing the volatility of the cash flow, and attracting core buyers for the eventual disposition." Consistent with AEW's investment philosophy, the fund will combine research-driven strategies with on-the-ground market knowledge and experience to invest in a diversified portfolio of multifamily, office, industrial and retail properties. "In today's market environment, the long-term investment experience of AEW is critical both to accessing investment opportunities and to understanding and appropriately underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. risk and return. We are excited about the investment opportunities we have closed to date and the pipeline of future investments for the Fund," said Maureen Joyce, portfolio manager for the AEW Value Investors Funds. "To date, we have already invested or committed approximately 25% of the fund." |
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