North Carolina Retirement Systems has committed $350 million to two real estate funds, including $200 million to LBA Logistics Value Fund X and $150 million to Harrison Street Real Estate Partners X.
As a vehicle of LBA Realty, LBA Logistics Value Fund X is a closed-end, core-plus/value-added fund that invests in industrial and logistics properties in the United States. The fund aims to raise $2.5 billion. LBA Logistics Fund IX, its predecessor, closed with $1.4 billion in equity. The Los Angeles City Employees Retirement System (LACERS) committed $50 million to the fund in May 2025.
Harrison Street Real Estate Partners X, a vehicle of Harrison Street, is a closed-end, opportunistic fund aiming to raise $3 billion for diversified and build-to-rent investments in the United States. Harrison Street Real Estate Partners IX raised $2.5 billion.
North Carolina Retirement Systems
