The Teachers' Retirement System (TRS) of Kentucky has approved three commitments of $65 million each to funds managed by Angelo, Gordon & Co., TA Realty and Landmark Partners.
Angelo, Gordon & Co. acquires underperforming assets in the United States, Europe and Asia for its real estate strategy. The firm invests in commercial real estate debt, with an emphasis on CMBS securities, and in net-lease real estate, focusing on the sale/leaseback of mission-critical, corporate facilities.
As of April 14, the AG Realty Value Fund XI had secured more than $883 million from 58 investors, according to a filing with the SEC.
TA Realty Value-Add Fund XIII is the latest in TA Realty’s flagship series of value-add funds focused on acquiring industrial, office and multifamily assets, as well as grocery-anchored shopping centers in major U.S. markets.
The previous fu
