The California State Teacher’s Retirement System (CalSTRS) has committed more than $1.7 billion to real estate funds.
Up to $200 million has been committed to Fairfield U.S. Multifamily Core Plus Fund III, managed by Fairfield, a closed-end, core-plus fund that invests in multifamily properties in the United States. The fund has a maximum size of $1.8 billion.
Harrison Street European Property Partners IV, a vehicle of Harrison Street, received €100 million ($116.8 million). The closed-end, value-added/opportunistic fund invests in multifamily and other properties in Europe. The fund aims to raise €1.5 billion ($1.8 billion).
Fairfield U.S. Multifamily Value Add Fund IV received $200 million for its closed-end, value-added fund with a fundraising target of $1.2 billion. The fund invests in multifamily properties in the United States.
Artemis Healthcare Fund III, managed by Artemis Real Estate Partners, received $300 million. The closed-end, value-ad
