The Connecticut Retirement Plans and Trust Funds (CRPTF) has committed $350 million to real estate, according to an announcement by the pension fund.
Sterling United Properties I, a vehicle of Sterling Organization, received $150 million for its closed-end, core-plus strategy to invest in retail and strip centers in the United States. A fundraising goal has not been determined.
TA Core Property Fund, a program of TA Realty, is an open-end, core fund. This fund invests in residential, industrial, office and retail properties in the United States.
As of Feb. 28, CRPTF had $60.4 billion in total assets under management, with a 10 percent real estate allocation target and $3.7 billion in total real estate assets.
