The California State Teachers’ Retirement System (CalSTRS) has committed half a billion dollars to a life sciences fund managed by Longfellow Real Estate Partners, according to an investment report from December 2021.
In what marks its first commitment with Longfellow, the largest privately owned life sciences real estate services firm in the United States, CalSTRS committed $500 million to the opportunistic Longfellow SV Fund II. The commingled vehicle will invest solely in life sciences properties and will also target development opportunities.
Boston-based Longfellow partners with major universities, institutions and companies to deliver holistic real estate solutions for life sciences and technology organizations. The firm said it invests in and develops real estate assets to create transformational work environments. It also provides leasing, facilities and property management services
