CalSTRS commits $200m to Asian core real estate
The $183.8 billion California State Teachers’ Retirement System has committed $200 million to Invesco Real Estate Asia Fund, an open-end core fund sponsored by Invesco Real Estate that will invest across property types in a wide range of Asian markets.
“It’s a market that we felt would be a good fit for us,” says Ricardo Duran, information officer with CalSTRS. “We were looking for an international core investment, and we realized that that type of investment was already well established in Europe. We saw opportunities in Asia, and when this fund came along we decided to go with it.”
Though this is CalSTRS’ first investment in Asian core real estate, it will likely not be the last.
“As we see opportunities in Asian markets going forward, we will definitely be considering them,” Duran adds.
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