Arkansas Teacher commits $130m to three real estate funds
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