The Pennsylvania Public School Employees’ Retirement System (PSERS) has committed $125 million to Sterling United Properties I CF, a closed-end, core-plus strategy of Sterling Organization.
This fund invests in grocery-anchored shopping centers in major U.S. markets. The fund aims to raise $850 million in equity. Earlier in 2026, The Santa Barbara County (Calif.) Employees’ Retirement System committed $7.5 million to this fund.
In September 2026, Sterling Organization completed the acquisition of a three-property core portfolio of grocery-anchored shopping centers in California and Hawaii. Grocery-anchored assets provide a strong investment case, given their necessity-driven demand. According to Ask IRE.IQ, the market intelligence tool of Institutional Real
