Pacific Security Touts Irish RE Fund

Pacific Security Capital, a U.S. company, celebrated St. Patrick's Day by raising 200 million euros (about $266 million) for a new Irish real estate fund that it said is the first of its kind."This is the first Irish fund that has been created for investment in [U.S.] real estate," Mike Myatt, Pacific Security Capital's executive managing director, said of the new investment vehicle. The company said the closed-end fund will invest in office, industrial, retail, multifamily, hospitality, and residential properties. Pacific Security Capital can be found on the Web at http://www.pacificsecuritycapital.com.