Investors - OCTOBER 22, 2015

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

Phoenix commits $25m to Brazilian real estate

by Zoë Wolff

The $2.2 billion City of Phoenix Public Employees Retirement System has committed $25 million to HSI Real Estate V.

The fund, managed by Hemisferio Sul Investimentos, invests in Brazilian shopping centers, warehouses, office buildings and residential developments. The fund has raised $215 million so far, according to an SEC filing. A fundraising goal was not disclosed.

COPERS has a target allocation to real estate of 15 percent and, as of June 30, an actual allocation to the asset class of 12.65 percent.


Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy