From left: Jean Michel and Rob Speyer
NEW YORK CITY—The Investment Management Corporation of Ontario and Tishman Speyer have formed a joint venture to create a portfolio of new developments and repositioned office and multifamily properties in major US gateway cities.
With IMCO's initial commitment of $500 million and additional co-investment opportunities of $250 million, IMCO and Tishman Speyer will jointly acquire and develop property in major supply-constrained US markets. Locations will include New York, Washington, Boston, Los Angeles, San Francisco, Chicago and Seattle. The joint venture will invest in new development opportunities and well-located office and multi-residential assets in need of renovation, and convert them into modern, Class A properties.
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Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
