Texas ERS proposes $450m in commitments to real estate in 2026

by Elise Mackanych

The Employees Retirement System of Texas (ERS) has proposed a pacing plan of $450 million in target commitments to private real estate in the 2026 fiscal year, according to meeting materials. As of May 31, 2025, ERS had a 9 percent real estate allocation target and $4.1 billion in total real estate assets.

IMRF commits $195m to real assets

by Released

The Illinois Municipal Retirement Fund (IMRF) board of trustees has approved up to $195 million in commitments within its real assets allocation.

KKR purchases U.K. student accommodation portfolio from Curlew Student Trust II

by Released

KKR has announced the acquisition of a high-quality portfolio of seven purpose-built student accommodation (PBSA) assets from Curlew Student Trust II (funded by clients of CBRE Investment Management) for approximately £230 million ($309 million).

Bob Sessa to retire as head of real assets at Texas ERS

by Andrea Zander

Bob Sessa, head of real assets at the Employees Retirement System of Texas (ERS), announced plans to retire after more than 25 years with the pension fund, according to a LinkedIn post.