JULY 30, 2013

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NYSTRS makes $100 million follow-on real estate investments

by Andrea Waitrovich

The $95.1 billion New York State Teachers Retirement System (NYSTRS) has approved new investments in real estate totaling $100 million at its July 24 meeting.

NYSTRS made a follow-on investment into Cabot Properties’ industrial fund series. The pension fund approved a $100 million commitment to Cabot Industrial Value Fund IV, which is a$650 million value-added fund investing in U.S. multi-tenant warehouses. Approximately 20 percent may be invested outside of North American markets, including major markets in the United Kingdom and the Netherlands. The vehicle’s strategy is focused on the acquisition, development, redevelopment, operating, leasing and disposition of industrial properties.

NYSTRS has invested twice in the fund series. It made its first inv

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