NYSTRS

AcronymDefinition
NYSTRSNew York State Teachers Retirement System
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Until recently, teachers and teaching assistants wanting to participate in a video consultation with a NYSTRS representative were required to drive to video conferencing locations in Buffalo, NY or Jamestown, NY.
The transaction to be funded with cash on hand and debt, is must complete by 14 June 2013, with the purchase price to increase by USD22,500 for each day after 31 May.Country: USASector: Wholesale/Retail, Construction/Real EstateTarget: IN Retail Fund LLCBuyer: Inland Real Estate CorpVendor: New York State Teachers' Retirement System (NYSTRS)Deal size in USD: 121mType: Corporate acquisitionFinancing: Cash & Debt, Existing resourcesStatus: Agreed
US real estate investment trust (REIT) Inland Real Estate Corp (NYSE:IRC) said it would buy the 50% in joint venture IN Retail Fund LLC held by JV partner New York State Teachers' Retirement System (NYSTRS) and take full control of the venture operating retail centres in the Midwest.
Prior to moving into the real estate equity department, Herubin was Assistant General Counsel to NYSTRS' Equity Real Estate and Mortgage Departments.
"To announce an existing tenant's expansion as well as a new tenant relocating to our property in the midst of a market slowdown speaks volumes to the reputation and attractiveness of Merritt 7," said Margaret Egan, senior vice president of ING Clarion Partners, the asset manager of Merritt 7 on behalf of NYSTRS, the property owner.
Merritt 7 Corporate Park is owned by Merritt 7 Venture L.L.C., a joint venture between New York State Teachers' Retirement System (NYSTRS), and Fairfield Investors, Inc.
Merritt 7 is owned by Merritt 7 Venture L.L.C., a joint venture between New York State Teachers' Retirement System (NYSTRS), and Fairfield Investors, Inc.
Merritt 7 Corporate Park is owned by Merritt 7 Venture, L.L.C., a joint venture between New York State Teachers' Retirement System (NYSTRS), and Fairfield Investors Inc.