Louisiana TRS commits $100m to real estate

The $18.67 billion Teachers’ Retirement System of Louisiana has committed a total of $100 million to two real estate funds, according to Lisa Honoré, executive liaison officer for the pension fund.

Louisiana TRS committed up to $50 million each into Cabot Industrial Core Fund II and FCP Realty Fund IV.

Cabot Industrial Core Fund II is managed by Cabot Properties, which seeks to provide superior risk-adjusted real estate returns by investing in core industrial properties located in the United States. The fund strategy will focus on accretive acquisitions of stabilized class A distribution buildings in 12 core industrial markets in the United States.

FCP Realty Fund IV, a fund managed by Federal Capital Partners, is a real estate fund that will invest in properties in the eastern United States. It targets mainly multifamily, office, retail, industrial, manufactured housing and self-storage assets.  The fund is seeking to raise $700 million.

Louisiana TRS has a target allocating to real estate of 10 percent with an actual allocating of 8 percent, as of June 31, 2018.