Publications

Investors

To read this full article you need to be subscribed to Newsline.

Start Your Free Trial Now

NYSTRS commits $350m to real estate during Q2

by Reg Clodfelter

The $107.6 billion New York State Teachers’ Retirement System committed $350 million, divided between four commitments, to real estate during the second quarter.

The retirement system committed $100 million to Brookfield Real Estate Finance Fund IV, a value added debt fund managed by Brookfield that launched in March 2014. The fund is seeking $850 million to invest in real estate debt in a risk position senior to traditional equity and subordinate to traditional first mortgages. The fund will focus on high-quality properties in the United States and will target the 60 percent to 80 percent LTV tranche.

According to John Cardillo, a spokesperson for NYSTRS, the retirement system liked Brookfield’s experienced team with extensive relationships in the banking industry to source deals as well as the organization’s strong track recor

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?