The Ohio Public Employees Retirement System (OPERS) committed $300 million to Lubert-Adler Workforce Housing II (LAWH II) and $275 million to GI Data Infrastructure Fund II (GIDIF II) in first half 2024, confirmed Michael Pramik, communication strategist/spokesperson at (OPERS).
Managed by Philadelphia-based Lubert-Adler Partners, LAWH II is seeking to raise $1 billion and will invest in value-added workforce multifamily real estate opportunities in the United States.
Lubert-Adler Partners has invested more than $25 billion into real estate and has more than $9 billion in equity, including $2.7 billion of equity in multifamily, as of Sept. 30, 2023.
GIDIF II is managed by Chicago-based GI Partners and is targeting to raise more than $1 billion to invest in data infrastructure assets in Europe and in the United States, focusing on data centers, data transport, wireless access and tech-enabled infrastructure.
On its website, GI Partners notes, “Communicat