Arkansas TRS commits $20m to LaSalle real estate fund
The $14.4 billion Arkansas Teacher Retirement System has committed up to $20 million to LaSalle Income & Growth Fund VII, according to spokesman George Hopkins in an email.
The fund, managed by LaSalle Investment Management, is a value-added real estate fund that seeks to acquire undermanaged, undercapitalized or mispriced assets to be repositioned as core assets. The fund is seeking to raise $750 million in equity commitments.
The fund has previously received commitments from the $34.7 billion Illinois Municipal Retirement Fund and the $15.5 billion