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Investors - NOVEMBER 6, 2019

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DCRB greenlights $40m commitment to Wheelock fund

by Kali Persall

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.

 

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