The Canada Pension Plan Investment Board (CPPIB) has completed acquisition of eight new real estate (RE) portfolios in the U.S. The board has paid $284 million for some of the apartments and has invested about $30 million in one of the offices. The portfolios include the Palazzo Westwood Village, located in Los Angeles, Cadence multifamily development project in San Jose, California, and a multifamily development in downtown Seattle, Washington. Most of the properties have been acquired in joint ventures with Carr Properties and Meadow Partners, among others.
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