Investors - JUNE 8, 2021

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

City of Phoenix Employees’ backs American Landmark Fund III

by Kali Persall

The $3.14 billion City of Phoenix Employees' Retirement System (COPERS) has committed $30 million to American Landmark Fund III, a value-add multifamily fund managed by American Landmark Apartments.

The fund opened to investors in April, according to a document filed with the SEC. A fundraising target was not disclosed.

A spokesperson from COPERS said in an email that this was the first commitment American Landmark Apartments. COPERS has a 12 percent target allocation to real estate.

Forgot your username or password?

We use cookies and other tracking technologies to personalize your user experience on our site and perform site analytics. By clicking on “I accept”, you consent to our Privacy Policy.