28. Juli 2010 
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Henderson Global Investors acquires St. Paul Apartment Complex for CASA IV Fund
Henderson Global Investors has acquired SouthView Gables Apartments for $40,450,000, including $23,255,000 in favourable tax-exempt bond financing, on behalf of its value-added CASA Partners IV fund. SouthView Gables is a 424-unit apartment complex located in Inver Grove Heights, Minnesota, USA, a suburb of St. Paul.
CASA IV’s purchase of SouthView Gables marks the Fund’s eleventh acquisition. CASA IV, which has raised $205 million in equity from US institutional investors, including four public pension funds and one corporate pension plan, now includes the following properties:
- The Burlington – Minneapolis
- The Mansion – Kansas City
- Glenlake Club – Chicago
- Vista Pointe – Los Angeles
- Columbia Commons – Baltimore
- The Marquee – Los Angeles
- The Hamilton – New York City
- Mira Vista – Oakland
- Reading Commons – Boston
- Harbor Town – Ft. Lauderdale
- SouthView Gables – St. Paul
The final acquisition for CASA IV is anticipated to close by the end of this quarter.
CASA IV’s purchase of SouthView Gables marks the Fund’s eleventh acquisition. CASA IV, which has raised $205 million in equity from US institutional investors, including four public pension funds and one corporate pension plan, now includes the following properties:
- The Burlington – Minneapolis
- The Mansion – Kansas City
- Glenlake Club – Chicago
- Vista Pointe – Los Angeles
- Columbia Commons – Baltimore
- The Marquee – Los Angeles
- The Hamilton – New York City
- Mira Vista – Oakland
- Reading Commons – Boston
- Harbor Town – Ft. Lauderdale
- SouthView Gables – St. Paul
The final acquisition for CASA IV is anticipated to close by the end of this quarter.
