Ascentris locks in $200m follow-on commitment from OPERF

Denver-based Ascentris has received an additional $200 million commitment from the Oregon Public Employees Retirement Fund (OPERF).

Ascentris said the commitment is an expansion of the existing relationship that was originally formed with OPERF in 2013 and now consists of more than $1.3 billion in equity.

The follow-on commitment will specifically target industrial, multifamily and office acquisitions and developments across the United States.

“The dislocation in the current market will create tremendous real estate opportunities across the United States in the next few years,” said Gabe Finke, CEO of Ascentris. “We are extremely excited about the timing of this additional commitment and are very proud of OPERF’s continued trust in our stewardship of their capital.”