District of Columbia puts $100m in open-ended Carlyle fund, rehires Meketa

The District of Columbia Retirement Board (DCRB) has slated an initial $100 million for Carlyle Property Investors (CPI), according to a board meeting document released in late May.

Carlyle Property Investors is an open-ended U.S. core-plus real estate fund managed by The Carlyle Group. IREI understands it is the firm’s first and only open-end investment vehicle.

CPI seeks to build a diversified portfolio of real estate investments across the United States, focusing on the multifamily and senior housing sectors. Specifically, the fund will target manufactured housing, single-family rental, active adult, student housing, multifamily and medical offices, according to an investment report from The Carlyle Group.

The fund will take an opportunistic view of other sectors, such as industrial and real estate devel