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Article: Travelers-Tishman Speyer venture closes with over $800M in capital. (Travelers Insurance Company; Tishman Speyer Properties)
- Article from:
- Real Estate Weekly
- Article date:
- November 19, 1997
CopyrightCOPYRIGHT 1997 Hagedorn Publication. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Travelers Insurance Company, a unit of Travelers Group (NYSE:TRV), and Tishman Speyer Properties, a leading worldwide real estate owner, developer and manager, have announced the closing of their joint real estate venture - with initial equity of $800 million - $200 million more than the amount the companies originally projected.
The equity committed by Travelers and Tishman Speyer represents the largest to date for a private venture of this kind investing in real estate opportunities, and all of the new real estate development and investment activities of Tishman Speyer will be channeled through this vehicle.
Travelers and Tishman Speyer will be general ...