California Employees makes more than $3b of real estate commitments

California Public Employees’ Retirement System (CalPERS) has increased funding to a number of its real estate opportunities, according to recent meeting documents, including:

$500 million to Institutional Logistics Partners, a separate account; $500 million to CalEast Solstice, a joint venture; $600 million to TechCore, a joint venture; $750 million to Pacific Multifamily Investors, a joint venture; $600 million to Institutional Multifamily Partners, a separate account; $100 million to Gotham Office Realty Partnership, a joint venture;

As of Sept. 30, 2023, $53.7 billion of CalPERS’ $452.3 billion portfolio was allocated toward real estate investments.

For more information about these commitments or other funds, please visit our IREI.Q database.