Investors - NOVEMBER 10, 2017

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Montana commits $40m to core real estate fund

by Jody Barhanovich

The $16.4 billion Montana Board of Investments has committed $40 million to American Core Realty Fund, according to board meeting documents.

American Core Realty Fund is managed by American Realty Advisors, a Los Angeles–based privately held real estate investment management firm with more than $8.1 billion in assets under management.

The open-ended real estate fund invests primarily in high-quality core stabilized income-producing properties located in or near major metropolitan markets nationwide that demonstrate growth potential and/or supply constraints. The fund is diversified geographically, economically and by property type. The core fund acquires institutional-quality multi-tenant office, industrial, retail and multifamily properties in the middle-market range. Targeted investments are substantially leased properties with minimal deferred maintenance needs.

The fund, which was launched in 2003, has raised more than $5.3 billion.

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