The New Mexico Educational Retirement Board (NMERB) has made a $50 million follow-on commitment to the Realterm Europe Logistics Fund (RELF), IREI has learned.
The fund will invest in the high-flow-through (HFT) logistics real estate sector in Europe. HFT facilities are usually strategically located in and around major population centers, primary distribution hubs and along major Pan-European freight corridors, according to Realterm. Such facilities mark critical high-volume transfer points facilitating the efficient flow of goods through the supply chain. These properties typically facilitate a change in transportation mode and include cross-dock truck terminals, transload and related transshipment, air cargo, parcel sortation, final-mile warehouses and other ecommerce backbone facilities.
Realterm closed RELF with €100 million ($119 million) in capital commitments in April 2020. NMER
