The New York State Common Retirement Fund (NYSCRF) has acquired an $85 million industrial property from MRP Industrial. The pension fund could not be reached for comment on its investment activity at the time of publication.
The industrial property, City Logistics, is a 32-acre, class A property located in Baltimore. Current tenants include PepsiCo and FritoLay.
NYSCRF is a public pension fund with $278 billion in total assets under management, as of Dec. 31, 2024. As of then, it had $27 billion in total real estate assets with a 12 percent real estate allocation target.
