To read this full article you need to be subscribed to Newsline.
Sign in Sign up for a FREE subscriptionOIC backs two real estate funds, selects Abacus to run separate account
Oregon Investment Council (OIC) has committed a total of $300 million to two real estate funds, Anthony Breault, senior real estate investment officer of the pension fund, disclosed in an email.
OIC committed $150 million each to Columbia Industrial Properties, a joint venture managed by Lincoln Advisory Group (a subsidiary of Lincoln Property Group), and Sculptor Real Estate Fund IV, managed by Sculptor Capital Management.
Both of the commitments were re-ups with existing partners, according to Breault.
OIC also has hired Abacus Capital Partners, a firm that specializes in mid-market, stabilized yield multifamily properties on a national basis, to run a $250 million core multifamily real estate separate account. The appointment was made as part of a multi-year diligence process that included meetings and reviews with a wide range of national multifamily investment managers.
OIC is looking to diversify its current multifamily apartment separate account po