The Oregon Investment Council (OIC) invested a total of $450 million in three real estate funds during the month of February, a spokesperson confirmed in an email.
Oregon committed $200 million to Oak Street Real Estate Capital Fund V, a value-add fund managed by Oak Street Real Estate Capital; $150 million to GID All Weather Strategy, an open-ended class B multifamily fund that has yet to be launched by GID; and $100 million to Nuveen US Cities Multifamily Fund, managed by Nuveen Real Estate.
The investments are part of a plan to commit between $1 billion and $1.4 billion to real estate this year. The spokesperson said the remaining capital is targeted for a class B multifamily separate account, re-ups within existing partnerships, and new mixed-use development opportunities through separate account or JV/club structures, preferably.
