Arkansas Teacher Retirement System makes slew of real estate fund commitments

The Arkansas Teacher Retirement System (ARTRS) has unveiled more than $280 million in real estate commitments during the quarter ending March 31.

ARTRS invested $70 million in Morgan Stanley Prime Property Fund, an open-end, core real estate vehicle focused on income-producing properties in primary markets. PPF is MSREI’s single largest fund, according to meeting notes posted by ARTRS.

The pension fund also committed up to $40 million in Almanac Realty Securities IX, a closed-end, value-add real estate fund targeting investments in both private and public real estate operating companies. In addition, $50 million was slated for LaSalle Asia Opportunity Fund VI, a closed-end, opportunistic real estate fund focused on both debt and equity Investments in Asia. ATRS invested in the two previous LaSalle funds, IV and V.

ARTRS also approved a commitment of up to $55 million in LBA