Alaska Permanent Fund Corp. places $350m in real estate schemes

The $65.1 billion Alaska Permanent Fund Corp. (APFC) has disclosed two real estate commitments for the quarter ending Sept. 30.

APFC closed on a $250 million commitment to Morgan Stanley’s separately managed Mesa West credit program and also committed $100 million to RealTerm Logistics Income Fund.

RealTerm Logistics Income Fund is an open-end industrial fund managed by Realterm Asset Management. The fund targets investments such as cross-dock truck terminals, transload and transshipment facilities, intermodal/secure storage facilities and ecommerce backbone facilities, such as final-mile warehouses, sortation facilities, regional hubs, fulfillment centers and parcel delivery centers among other logistics-related real estate assets.

In addition, the vehicle targets primary and secondary industrial markets within the United States, such as the New York metropolitan area, Northern New Jersey, Chicago metropolitan area, Los Angeles metropolitan area and other mar