The $5.06 billion Houston Firefighters’ Relief & Retirement Fund has earmarked up to $30 million for Cabot Industrial Value Fund VII, a closed-end, value-add fund managed by Cabot Properties.
The fund launched in April 2022 and has a target size of $1.5 billion, according to a meeting document from Pennsylvania Public School Employees' Retirement System, which committed $175 million to the industrial fund in August 2022.
Cabot Industrial Value Fund VII’s investment strategy is to build and acquire midsize, multitenant industrial warehouses near urban areas that have large, dense populations with high average incomes, low unemployment rates, a steady labor force and transportation infrastructure. Cabot plans to invest primarily in North American markets but maintains discretion to invest up to 30 percent of the fund outside of North Ameri
