Edens & Avant Closes $300M Equity Infusion

Edens & Avant, a private retail real estate company based in Columbia, S.C., has announced the closing of an additional $300 million equity commitment from its institutional investors.The company said the investors who increased their positions were the State of Michigan Retirement System; institutional investors advised by JPMorgan Asset Management -- Real Estate; and the New York State Teachers' Retirement System. The proceeds will be used to fund growing real estate investments in major urban markets from Boston to Miami, Edens & Avant said. The company can be found on the Web at http://www.edensandavant.com.