The Michigan Office of Retirement Services has announced four new commitments to major real estate funds in recent months.
The pension fund put $100 million each in Carlyle Realty Partners IX, Heitman Global Real Estate Partners II and Clarion Lion Industrial Trust; and $75 million in Transwestern Strategic Partners Fund III.
Carlyle Realty Partners IX is a closed-end North American multi-strategy real estate fund, managed by Carlyle Investment Management. With a fundraising target of $6 billion, Carlyle Realty Partners IX will focus on multifamily, single-family rental, active-adult/age-restricted housing, life sciences office and industrial assets ranging from $10 million to $40 million.
In addition, Heitman Global Real Estate Partners II is a close-end global core, multi-strategy real estate fund managed by Heitman Global Real Estate Partners. The fund
