DCRB greenlights $40m commitment to Wheelock fund
The $8.54 billion District of Columbia Retirement Board (DCRB) has approved a $40 million follow-on to Wheelock Street Real Estate Fund VI, an opportunistic U.S. real estate fund managed by Wheelock Street Capital.
The investment was disclosed in an Oct. 17 board meeting document.
The closed-end fund launched in May and was also backed by the City of Phoenix Employees’ Retirement System.
Wheelock pursues opportunistic investments in a variety of real estate sectors, including retail, office, multifamily, student housing and mixed-use properties, according to the firm’s website.
The DCRB commitment is subject to legal review and further due diligence, according to the pension fund.