Investors - JUNE 19, 2017

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

Sign in Start Your Free Trial Now View Purchase Options

LACERS approves $25m commitment to real estate fund

by Jody Barhanovich

The $15.5 billion Los Angeles City Employees Retirement System has approved the previously reported commitment of up to $25 million to Heitman Asia-Pacific Property Investors at its June 13 investment committee meeting.

Heitman Asia-Pacific Property Investors is a non-U.S. focused real estate fund that follows a value-added investment strategy. The fund will invest in real estate investment opportunities in the Asia-Pacific region, primarily in Australia, Japan, Hong Kong, and Singapore. Investments may include a mix of traditional property

types such as office, industrial, retail, and residential and specialty property types such as self-storage, student housing, and medical office. The fund is seeking to raise $250 million with a hard cap of $350 million.

LACERS has previously committed $15 million to Heitman Value Partners, a U.S. focused value-added fund.

LACERS has a target alloc

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