Arkansas commits $25m to real estate fund
The $14.4 billion Arkansas Teacher Retirement System has committed up to $25 million to Landmark Real Estate Fund VIII, according to executive director George Hopkins.
Landmark Real Estate Fund VIII is a value-added real estate fund that focuses on secondary investments in U.S. properties. The fund has a $2 billion maximum fundraising target. It also has received commitments from the $22 billion Nebraska Investment Council and the $6.7 billion San Diego City Employees’ Retirement System.
The fund’s predecessor, Landmark Real Estate Partners VII, had a $1.6 billion final close in 2015, exceeding its $1 billion target.
Arkansas has a target allocation to real estate of 10 percent.