Publications

Investors - JUNE 12, 2017

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

Sign in Start Your Free Trial Now View Purchase Options

LACERS to commit up to $25m to real estate fund

by Jody Barhanovich

The $15.5 billion Los Angeles City Employees Retirement System plans to commit up to $25 million to Heitman Asia-Pacific Property Investors, according to its June 13 investment committee agenda.

LACERS’ real estate consultant, The Townsend Group, recommended the commitment. A final approval of the commitment will be made 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 previously received a $50 million comm

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?