The New York State Teachers’ Retirement System (NYSTRS) announced renewed commitments to two real estate managers at its April 26 retirement board meeting.
The pension fund committed $150 million to an Artemis Real Estate Debt separate account and $50 million to Cabot Industrial Value Fund VII earlier this year.
Artemis Real Estate Partners makes equity and debt investments in real estate across the United States, with a focus on multifamily, industrial, office, retail, hospitality, senior housing and medical office. Artemis also specializes in joint venture partnerships and direct investments. A fundraising strategy for the debt vehicle could not be determined at the time of publication.
Cabot Industrial Value Fund VII is a closed-end, value-add fund managed by Cabot Properties. The fund launched in April 2022 and has a target size of $1.5 billion, according to a meeting document from Pennsylvania Public School Employees' Retirement System, which
