Consortium led by TIAA Private Investments and Antarctica Capital, and including CIC Capital Corporation, China Life, Munich Re Group, and PFA, acquires InterPark, the largest owner-operator of parking infrastructure in the U.S.
TIAA Private Investments, an affiliate of
“The transaction represents an opportunity to invest in core parking assets located in prized locations across the
“We are excited to work with
InterPark’s portfolio of 57 owned parking garages and surface lots containing over 49,000 spaces is geographically diversified across major central business districts and airports including
“The acquisition of InterPark is a continuation of our real asset strategy to partner with like-minded investors and leading management teams to acquire assets that offer both secure income and growth,” said
“InterPark’s assets provide compelling opportunities to benefit from strong urbanization and urban core densification trends and we look forward to continue the growth of this exceptional portfolio of parking assets,” said
“The InterPark investment has the elements of real assets and stable cash flows along with growth potential, which all fit into CIC Capital’s infrastructure investment strategy. We are pleased to work with such a strong group of like-minded investors from the
"We believe infrastructure investment can offer a welcome addition to a balanced and diversified portfolio. This transaction marks a big step for our firm, extending our global partnership with like-minded investors," said
"This investment in
“We are glad to be part of the strong international consortium that is buying InterPark. All investors have been contributing actively to the completion of the transaction,” said PFA’s Chief Investment Officer
“We are excited to write the next chapter of InterPark’s history with our new owners, which represent an impressive group of institutional investors that bring new capabilities to our growth strategy,” said
About TIAA Private Investments and
TIAA Private Investments has over 20 years of project finance, debt and equity investing experience in the infrastructure space. Its portfolio of private energy, infrastructure and project finance investments focuses on a wide range of opportunities in the energy, transportation, water services and communication sectors, totaling
About
About
About
About
About MEAG
MEAG stands for best practice asset management for Munich Re and ERGO. MEAG has representations in
About PFA
PFA Pension was founded in 1917 as an independent company by a number of labor organizations, with the sole purpose of ensuring a financially secure future for the employees and their families. Today, PFA has approximately 1.2 million individual customers from a wide range of the largest companies and organizations in
About
This material is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy or sell securities, and is not provided in a fiduciary capacity. The information provided does not take into account the specific objectives or circumstances of any particular investor, or suggest any specific course of action. Investment decisions should be made based on an investor's objectives and circumstances and in consultation with his or her advisors.
Issued by TCAM Global Australia Pty Ltd ACN 604 071 696, which is a corporate authorised representative of
Issued by
View source version on businesswire.com: http://www.businesswire.com/news/home/20170629006424/en/
[email protected]
Source:
Combined Insurance Aims To Hire 500 Spanish-Speaking Sales Agents By End Of 2017
Marian Wright Edelman Issues an Urgent SOS to Protect Medicaid
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News