Publications

Investors - FEBRUARY 21, 2017

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

Illinois TRS commits $140m to real estate

by Jody Barhanovich

The $45.9 billion Teachers’ Retirement System of the State of Illinois has committed $140 million to two real estate funds, according to board-meeting documents.

The pension fund committed $100 million to Oak Street Real Estate Capital Fund IV, managed by Oak Street Real Estate Capital. The value-added real estate fund invests in U.S. triple-net lease properties. The fund is seeking to raise $1 billion in equity commitments and previously received a $75 million commitment from the $34.7 billion Illinois Municipal Retirement Fund in 2016.Oak Street currently manages $41.8 million of the pension fund’s real estate assets, according to board-meeting documents.

Illinois TRS also committed $40 million to Exeter Industrial Value Fund IV, managed by Exeter Property Group. The value-added fund targets industrial assets in primary U.S. warehouse markets. The firm is seeking to raise $1 billion in equity commitments for the fund and received a $100 million commitment from th

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?