Los Angeles Fire & Police Pensions places $75m in Abacus Multi-Family Partners VI

Los Angeles Fire & Police Pensions (LAFPP) has unanimously approved a commitment of up to $75 million to Abacus Multi-Family Partners VI, a multifamily investment vehicle managed by Abacus Multi-Family Partners.

Abacus Multi-Family Partners VI is a value-add real estate fund that invests in multifamily properties throughout the United States. The investment vehicle will acquire properties with specific characteristics, such as relative affordability in markets and submarkets showing favorable multifamily trends.

Like its predecessor vehicle, Abacus Multi-Family Partners V, the sixth fund will acquire properties with specific characteristics, such as relative affordability in markets and submarkets showing favorable multifamily trends.

Abacus Multi-Family Partners VI has a $1.25 billion fundraising target.

For more information about this commitment or others, visit the IREI.Q database.