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New Mexico Public Employees commits $50m to Harrison Street fund
Investors - JUNE 27, 2024

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New Mexico Public Employees commits $50m to Harrison Street fund

by Lewis Dayton

The Public Employees Retirement Association of New Mexico (PERA) has committed $50 million to Harrison Street Core Property Fund, confirmed Michael Shackelford, chief investment officer of the retirement association.

The Harrison Street Core Property Fund is an open-end fund that is dedicated to investing in stabilized, income-producing properties in the student housing, senior housing, medical office and self-storage segments.

The fund also has received two commitments of $150 million from the Oregon State Treasury, as well as a $120 million and $200 million commitment from Kentucky Public Pension Authority since launching, in addition to capital commitments from other institutional investors.

For more information about this commitment or other funds, please visit our IREI.Q database.

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