The Arkansas Teacher Retirement System (ARTRS) has approved $100 million in commitments to two value-add real estate funds, according to a packet from the pension fund’s June 7 meeting.
ARTRS is planning to commit $50 million each to Carlyle Realty Partners IX and GLP Capital Partners IV.
Carlyle Realty Partners IX is a closed-end real estate fund managed by The Carlyle Group. The fund opened to investors in January with a fundraising target of $6 billion.
It will invest exclusively in residential and commercial real estate in the United States and focus on multifamily, single-family rental, active adult/age-restricted housing, life sciences office and industrial assets ranging from $10 million to $40 million.
Carlyle Realty Partners IX has plans to overweight property types including multifamily, age‐restricted apartments, single-family rentals and industrial while
