The Alameda County (Calif.) Employees’ Retirement Association (ACERA) has approved an additional investment of up to $35 million in Clarion Partners Lion Industrial Trust.
The commitment was made on behalf of ACERA’s core-plus real estate portfolio, according to a meeting document.
Clarion Lion Industrial Trust is an open-end vehicle, managed by Clarion Partners. The fund seeks to own, develop, manage and strategically sell industrial warehouse properties and land in 25 U.S. markets.
In recent years, numerous other pension fund investors have committed to the fund, including the Michigan Office of Retirement Services, the Oklahoma Municipal Retirement Fund, the Teachers' Retirement System of Louisiana, the San Jose Police and Fire Department Retirement Plan, and the San Jose Police and Fire Retiree Health Care Trust Fund.
For more informatio
