Montana commits $20m to real estate
The Montana Board of Investments has committed $20 million to Stoltz Real Estate Fund V, according to recent meeting documents.
Stoltz Real Estate Fund V launched in September 2015 and is targeting $250 million in equity commitments. According to its website, Stoltz funds focus on value-added and core-plus retail, office, industrial and multifamily properties throughout the United States.
The Montana Board of Investments oversees nine pension funds with approximately $9.8 billion in combined assets.