Investors - FEBRUARY 23, 2016

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

Sign in Start Your Free Trial Now View Purchase Options

Massachusetts-based pension fund commits $6 million to real estate

by Zoë Wolff

The $170 million Haverhill (Mass.) Retirement System has committed $6 million to two real estate funds, according to Sheryl Trezise, retirement system administrator.

The pension fund has committed $3 million each to TerraCap Partners III, sponsored by TerraCap Management, and DSF Multi-Family Real Estate Fund III, sponsored by DSF Group. The pension fund issued an RFP in August to find opportunistic/value-added real estate funds. The two funds were the only finalists.

Haverhill Retirement System has a 6.7 percent allocation to real estate and an 8.7 percent target allocation to the asset class.

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?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy