The Arkansas Teacher Retirement System (ATRS) has committed $100 million to Carlyle Property Investors and $100 million to Ares Industrial Real Estate Fund, as of April 7, 2025, according to meeting materials.
Carlyle Property Investors (CPI), a vehicle of Carlyle, is an open-end, core-plus real estate fund, with a focus on diversified properties in the United States.
Ares Industrial Real Estate Fund, a vehicle of Ares Management, is an open-end fund that targets class A and class B industrial assets in the United States.
ATRS is a public pension fund with $22.9 billion in total assets under management, as of Sept. 30, 2024. As of then, it had a 10 percent real estate allocation target and $1.5 billion in total real estate assets.
