Los Angeles-based Lowe Enterprises Inc. has been appointed co-investment manager for the $40-million Transatlantic Property Fund, formerly known as the Wells Fargo Property Unit Trust.
The fund is a vehicle for British pension funds to invest in American real estate. The fund's portfolio includes seven properties in the United States. Among these are two in Orange County and two in the Seattle area, with the rest in Minneapolis, Denver and Houston.
The two in Orange County are Dow Avenue Industrial Park, two single-story buildings with a total of 163,000 square feet of space, in the Irvine Industrial Complex, and Laguna Hills Business Center, a 56,000-square-foot, three-story office building in the Laguna Hills Commercial-Industrial Park.