Publications

OCTOBER 14, 2013

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

Sign in Start Your Free Trial Now View Purchase Options

LACERA to invest $400 million in real estate

by Andrea Waitrovich

The $39.2 billion Los Angeles County Employees Retirement System (LACERA) has approved two investments in real estate totaling $400 million at its Oct. 9 meeting.

LACERA approved a $100 million investment into the City View Southern California Fund II. City View Southern California Fund II invests in smart growth projects — such as urban land, housing, mixed-use, commercial and infrastructure projects — that promote efficient land use, urban redevelopment, neighborhood revitalization, sustainability and metropolitan economic opportunity.

In addition, LACERA will be investing $300 million into its single-family housing program, which is managed by TriPacific Capital Advisors. The pension plan aims to retire its existing line of credit within the program. The market value of LACERA’s investment was $133 million as of June 2013.

The commitments follow LACERA's

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