ASR Dutch Core Residential Fund, managed by ASR Real Estate, the real estate arm of one of the largest insurance companies in the Netherlands, has received commitments totaling €150 million ($164 million). The investment came from an unnamed pension fund, according to several news sources.

The fund has received 11 commitments to date. According to ASR Real Estate, the €1.4 billion ($1.5 billion) ASR Dutch Core Residential Fund’s portfolio consists of a diversified mix of high-quality apartments and single-family housing, mainly in the mid-priced rental housing segment in the Randstad, a megalopolis in the central-western Netherlands consisting primarily of the four largest Dutch cities and their surrounding areas.

The value-added fund’s investment strategy focuses on 12 regions in the Netherlands, selected for their demographic and economic outlook and investment potential.

ASR Real Estate said the fund aims to g