Investors - APRIL 4, 2013

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Arkansas Teachers invests $20 million in real estate fund

by Sara Kassabian

The $12.6 billion Arkansas Teachers Retirement System (ATRS) has invested $20 million in the LaSalle Income and Growth Fund VI, a value-added fund managed by LaSalle Investment Management, says George Hopkins, executive director of the ATRS.

Approximately $1.1 billion of ATRS’ portfolio is currently invested in real estate. The pension fund invests in real estate funds but also directly into properties. ATRS is near its target real estate allocation of 10 percent. During 2013, the retirement system plans to invest $80 million in real estate. Following this latest investment, the pension fund has about $60 million remaining to invest in the asset class.

The LaSalle Income and Growth Fund VI launched in 2011 with a fundraising target of between $600 million and $700 million in equity. A final close date was not disclosed. The closed-end fund has a “build-to-core

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