The Maine Public Employees’ Retirement System (MainePERS) has approved a commitment, subject to final due diligence, of $35 million to High Street Value Fund I (HSVF I), confirmed James Bennett, chief investment officer, MainePERS.
HSVF I is managed by High Street Logistics Properties and is seeking to raise $400 million to invest in industrial warehouse and distribution properties in the United States, primarily in and near major metropolitan markets, looking to capitalize on ecommerce and inventory control trends.
MainePERS has made commitments to various High Street funds in the past, including a $35 million commitment to High Street Real Estate Fund VII in 2021 and a $25 million commitment to High Street Real Estate Fund VI in 2018.
For more information about this commitment or other funds, please visit our IREI.Q database.
