SEPTEMBER 23, 2014

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Pennsylvania considers senior housing and high-yield real estate

by Reg Clodfelter

The Pennsylvania State Employees’ Retirement System is considering investing in both Rockpoint Real Estate Fund V and Prudential Senior Housing Fund V. The retirement system, along with its real estate consultant, The Townsend Group, which it chose to retain in January, will conduct interviews that are likely, though not guaranteed, to occur before the board’s next meeting on Oct. 29, 2014, according to Pamela Hile, press secretary with Pennsylvania SERS.

Rockpoint’s fifth fund in its opportunistic series recently launched with a reported fundraising target of $2.5 billion. The fund’s predecessor closed in March 2013 a

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