New Mexico Educational Retirement Board earmarks $130m for value-add real estate funds

The New Mexico Educational Retirement Board (NMERB) has disclosed $130 million of value-added real estate commitments.

The pension fund has slated $60 million for Sares-Regis Multifamily Value-Add Fund IV, $60 million for RAM Realty Partners VI and $10 million for Realterm Logistics Fund IV.

Sares-Regis Multifamily Value-Add Fund IV, managed by Sares-Regis Group, will invest in multifamily properties throughout the Western United States. Its direct predecessor, Sares-Regis Multifamily Value-Add Fund III, completed its final close in November 2019 with $328.2 million in commitments.

RAM Realty Partners VI, a closed-end, value-added fund managed by Ram Realty Advisors, will invest in debt secured by real estate in the United States.

In addition, Realterm Logistics Fund IV, a closed-end, value-added fund managed by Realterm, will invest in high-flow-through logistics real estate