California-based pension commits $30m to real estate
The $714 million Imperial County (Calif.) Employees’ Retirement System has committed $30 million to American Strategic Value Realty Fund. It is the pension fund’s first commitment to a fund managed by American Realty Advisors.
American Strategic Value Realty Fund, which launched in 2008, is a value-added, open-end real estate fund that will invest in office, retail, industrial, multifamily and other properties through a risk-controlled strategy that focuses on opportunities for added value at different stages of the investment cycle that are located in selected markets throughout the United States.
The fund had previously received commitments from the San Luis Obispo County (Calif.) Pension Trust and