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Arizona Public Safety commits to real estate

by Zoë Wolff

The $8.3 billion Arizona Public Safety Personnel Retirement System has committed up to $60 million to Rubenstein Properties Fund III, according to recent meeting documents. The value-added fund, managed by Rubenstein Partners, launched in May 2015 and held a first close of $368.1 million earlier this month. The fund also has received a commitment from the Maine Public Employees Retirement System. Fund II, the fund’s predecessor, held a final close

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