The Illinois Police Officers’ Pension Investment Fund (IPOPIF) has committed $250 million to TA Realty Value-Add Fund XIV.
This fund is a closed-end, value-added strategy that focuses on acquiring industrial, office and multifamily assets, as well as grocery-anchored shopping centers in major U.S. markets. According to Ask IRE.IQ, the market intelligence tool of Institutional Real Estate, Inc., grocery-anchored retail stands out as an area of opportunity given healthy fundamentals in necessity-based retail subsectors.
A fundraising goal for this strategy has not been determined. The San Francisco Employees’ Retirement System and The Teachers’ Retirement System of Louisiana have committed to this fund in recent months.
TA Realty Value-Add Fund XIII,
