Investors - DECEMBER 16, 2014

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Arkansas Teachers commits to real estate

by Reg Clodfelter

The Arkansas Teacher Retirement System has committed $30 million to Almanac Realty Securities VII, a $1 billion value-add fund managed by Almanac Realty Investors, according to board documents. Furthermore, the retirement system intends to commit an additional $60 million to real estate in the 2015 calendar year, with $30 million going to value-add real estate and another $30 million to opportunistic real estate.

ARS VII’s investment strategy is to paircapital with strong operators that use development, redevelopment, or active leasing and management strategies in the real estate market. ARTRS committed to two prior funds managed by the same team, including a $30 million commitment to ARS VI in 2012, and has received an average net IRR of 13 percent, according to the retirement system’s board documents.

ARS VII has received a lot of attention from institutional investors of late, receiving $200 million from the Texas Teachers Retirement System ($10

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