The Manchester (N.H.) Employees' Contributory Retirement System has plans to commit $4 million to Realty Associates Fund XII and $2 million to Dalfen Last Mile Industrial Fund IV, according to Gerard Fleury, executive director of the retirement system.
Realty Associates Fund XII is managed by TA Associates Realty, a U.S. real estate investment management firm. It is a value-added real estate fund with a strategy to invest in office, industrial, multifamily and retail property throughout the United States:.
Dalfen Last Mile Industrial Fund IV is managed by Dalfen Industrial, a real estate investment manager focused on industrial properties in key markets throughout the United States and Canada. Dalfen’s central investment focus is on high-quality, strategically located industrial warehouses, logistic centers, multi-tenant business parks and manufacturing facilities.
The commitments are pending, subject to a satisfactory review of subscription agreements by coun
