Nebraska allocates $40m to real estate
The $26.9 billion Nebraska Investment Council has allocated $40 million to real estate, according to a board meeting document.
The fund, Rockwood Capital Real Estate Partners Fund XI, is managed by Rockwood Capital, an independent privately held real estate investment management company. It is seeking $1.25 billion to invest in value-add real estate across select urban and suburban core markets with a focus on office, multifamily, and mixed-use assets, according to the board meeting documents.
The commitment was part of the Council’s plan to deploy a total of $40 million to noncore capital in 2019. The Townsend Group assisted in the allocation. Nebraska has committed to previous funds in the Rockwood series, including $40 million to Rockwood Capital Real Estate Partners X and $20 million to Rockwood Capital Real Estate Partners Fund IX.