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Investors - FEBRUARY 8, 2017

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Arkansas TRS commits $20m to LaSalle real estate fund

by Jody Barhanovich

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 

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