The $42.4 billion
Illinois Municipal Retirement Fund has committed $275 million to three real estate funds, according to Nisa D. Neely, senior communications specialist.
IMRF committed $150 million to Blackstone Real Estate Partners IX, $100 million to Oak Street Seeding & Strategic Capital Fund II-MW and $25 million to LaSalle Income & Growth Fund VIII. All commitments are subject to satisfactory legal due diligence.
Blackstone Real Estate Partners IX, managed by Blackstone, is a new global opportunistic real estate fund that will invest in major property types. The second fund, Oak Street Seeding & Strategic Capital Fund II-MW, is a real estate fund managed by Oak Street. The third fund, LaSalle Income & Growth Fund VIII, managed by LaSalle Investment Management, is a value-added real estate fund that will invest in industrial, multifamily, retail, office and mixed-used properties throughout the United Sates.
IMRF has established relationsh
