Investors - JUNE 10, 2021

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Connecticut announces two new multifamily commitments

by Kali Persall

Connecticut State Treasurer Shawn Wooden is planning to make two new commitments to multifamily real estate, on behalf of Connecticut Retirement Plans and Trust Funds (CRPTF).

The commitments, which will be made via the fund’s real assets strategy, include $180 million to Carlyle Realty Partners IX, and $75 million to Covenant Apartment Fund X.

Carlyle Realty Partners IX is an opportunistic strategy managed by The Carlyle Group. The fund opened to investors in January with a fundraising target of $6 billion. Carlyle Realty Partners IX invests exclusively in residential and commercial real estate in the United States. It will focus on multifamily, single-family rental, active-adult/age-restricted housing, life sciences office and industrial assets ranging from $10 million to $40 million.

The fund plans to overweight property types including multifamily, age-restricted apartments, single-family rentals and industrial, while underweighting GDP-linked property sec

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