Investors - APRIL 17, 2018

Louisiana TRS commits $50m to multifamily value-added fund

by Jody Barhanovich

The $18.7 billion Teachers’ Retirement System of Louisiana has committed $50 million to Sares-Regis Multifamily Value-Add Fund III, according to Lisa Honoré, Ph.D., public information director for the pension fund.

Sares-Regis Multifamily Value-Add Fund III, managed by the Sares-Regis Group, will invest in the U.S. apartment sector, specifically renovating and repositioning class B multifamily properties in the western U.S. The fund series has a geographic focus in northern and southern California, and the metropolitan areas of Seattle, Portland, Denver and Phoenix.

The fund’s predecessor, Sares-Regis Multifamily Value-Add Fund II, held a $304.2 million final close in 2016.

Louisiana TRS has a target allocation to real estate of 10 percent.

Forgot your username or password?

We use cookies and other tracking technologies to personalize your user experience on our site and perform site analytics. By clicking on “I accept”, you consent to our Privacy Policy.