Investors - APRIL 12, 2019

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Arkansas Teacher commits $130m to three real estate funds

by Jody Barhanovich

The $17.3 billion Arkansas Teacher Retirement System has committed a total of $130 million to three real estate funds, according to board meeting documents.

The three commitments include $40 million each to Rockwood Capital Real Estate Partners Fund XI, managed by Rockwood Capital, and Walton Street Real Estate Debt Fund II, managed by Walton Street Capital, and €44 million ($49.5 million) to Blackstone Real Estate Partners Europe VI, managed by Blackstone.

Rockwood Capital Real Estate Partners Fund XI will invest in value-add real estate across select urban and suburban core markets with a focus on office, multifamily and mixed-use assets. More specifically, the fund will “focus on synergistic ‘live, work, play’ mixed-use environments.” Some of the core targeted markets include Austin, Los Angeles, Miami, New York City, Phoenix and Seattle.

Walton Street Real Estate Debt Fund II is a core-plus fund that will invest in debt secured by primarily office

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