Investors - MARCH 4, 2013

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

Sign in Start Your Free Trial Now View Purchase Options

IPERS invests $200 million in real estate debt

by Andrea Waitrovich

The $24.2 billion Iowa Public Employees’ Retirement System (IPERS) has committed $200 million to two high-yield real estate debt funds

IPERS committed $150 million to Blackstone Real Estate Debt Strategies II (BREDS II), managed by The Blackstone Group. The value-added real estate debt fund was launched in October 2012 with a $3 billion fundraising goal.

BREDS II focuses primarily on high-yield lending on commercial real estate through new loan originations and purchases of legacy loans and securities, but may otherwise pursue a broad range of real estate debt and non-controlling equity investments. It seeks to generate attractive risk-adjusted returns by primarily purchasing and/or originating performing loans.

BREDS II is part of the Blackstone Real Estate Debt Strategies platform, which was created in 2008 in re

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?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy