The Indiana Public Retirement System (PRS) has committed $75 million to Prologis’ Targeted U.S. Logistics Fund, which seeks to acquire industrial properties near airports, seaports and highway systems in major U.S. metropolitan areas.
The pension fund could not be reached to comment on the new investment.
This month, the State Universities Retirement System (SURS) of Illinois committed $100 million to the open-end core fund, and the Tennessee Consolidated Retirement System invested $100 million.
Other investors from this year include the Oregon State Treasury investment council and the Florida State Board of Administration.
As of September, Indiana had $37 billion of assets under management and a 6.4 percent actual allocation to real estate, against a 7 percent target.
