The Michigan Office of Retirement Services (ORS) has committed $50 million to Avanath Affordable Housing Renaissance Fund, a vehicle of Avanath Capital Management.
This fund is a core-plus, value-added, open-end fund that acquires and preserves affordable multifamily housing throughout high-cost markets in the United States. The fund has reached $833 million.
As of Sept. 30, 2025, the public pension fund had $119.4 billion in total assets under management, with an 8 percent real estate allocation target and $10.3 billion in total real estate assets.
