Investors - SEPTEMBER 10, 2015

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Michigan Retirement Systems commits $505m to real estate

by Zoë Wolff

The Michigan Department of Treasury committed a total of $505 million to real estate and infrastructure funds on behalf of the $67.1 billion State of Michigan Retirement System during the second quarter.

The real estate commitments include $160 million to Domain GVA-1, managed by Domain Capital Advisors, which focuses on mezzanine loans on multifamily properties; $100 million to MIP Holdco, managed by Transwestern Investment Group, which focuses on industrial warehouses in the United States; $65 million to Northpark-Land Associates, managed by Dominion Capital Advisors, for the development of a mixed-use property in Atlanta; $50 million to True North Real Estate Fund III, managed by True North Management Group, which invests in high-yield real estate debt; and $30 million to J.P. Morgan India Property Fund II, managed by J.P. Morgan Asset Management, which invests in middle-market residential properties in India.

The infrastructure commitments include $50 mill

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