Hawaii commits $100m to real estate funds

The $15.4 billion Employees’ Retirement System of the State of Hawaii has committed $50 million each to Heitman Core Real Estate Debt Income Trust and Invesco Commercial Mortgage Income Fund, according to Vijoy Chattergy, CIO.

The first fund, Heitman Core Real Estate Debt Income Trust, which recently launched in 2016, is a core-plus open-end debt fund that will provide financing for U.S. hotel, industrial, multifamily, office, retail, self-storage and student housing properties.

Heitman has been active in its fundraising efforts in 2017. It recently launched its fourth fund in its value-added series, Heitman Value Partners IV that will invest in hotel, apartment, industrial, office and retail properties across the United States. The firm is seeking to raise $900 million in equity commitments.

The second fund, Invesco Commercial Mortgage Income Fund, is an open-end fund managed b