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NYSTRS |
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With the purchase of Ravinia Plaza through its joint venture with NYSTRS, the venture has acquired approximately $315 million of the $400 million acquisition goal over its first two years, despite the difficult acquisition environment for quality retail properties. We are delighted that NYSTRS chose us as their non-custody lending agent," said Sandie O'Connor, global head of JPMorgan's Securities Lending and Execution Products business. Subject to the terms of the Agreement, NYSTRS will contribute up to $80 million and IRC will contribute up to $20 million, for an aggregate cash capital commitment by the parties of $100 million. |
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