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Investors - FEBRUARY 19, 2019

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Massachusetts Water Resources Authority commits $35m to core real estate

by Jody Barhanovich

The Massachusetts Water Resources Authority Retirement System has committed a total of $35 million in equity to two real estate funds, according to board meeting documents.

The retirement system committed $15 million to TA Realty Core Property Fund, managed by TA Associates Realty.

The second committed was an additional $10 million to Morgan Stanley’s Prime Property Fund for a total allocation of $20 million.

Both are core, open-end real estate funds.

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