Publications

Investors - JUNE 26, 2017

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

Sign in Start Your Free Trial Now View Purchase Options

Indiana commits $50m to multifamily fund

by Jody Barhanovich

The $31.3 billion Indiana Public Retirement System has committed $50 million to Abacus Multi-Family Partners IV.

Abacus Multi-Family Partners IV will target select markets in the United States and will acquire existing multifamily real estate assets with the intention of implementing a value-add property improvement plan, as well as develop new multifamily real estate assets. The value-added real estate fund is seeking to raise $500 million in total equity commitments. It had raised $123 million earlier in June.

The pension fund committed $50 million to the fund’s predecessor, Abacus Multi-Family Partners III, in 2015. The fund raised $247.5 million.

As of March 31, 2017, Indiana had a 10.5 percent target allocation to real estate.

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?