District of Columbia Retirement Board joins Carlyle Realty Partners IX’s investor base

The District of Columbia Retirement Board has approved a re-up commitment of up to $50 million to Carlyle Realty Partners IX, 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.

Carlyle Realty Partners IX plans to overweight property types including multifamily, age‐restricted apartments, single-family rentals and industrial, while underweighting GDP‐linked property sectors such as office, retail and hotels, according to a board meeting