Publications

Investors

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

Sign in Start Your Free Trial Now View Purchase Options

PSERS commits $150 million to value-added funds

by Sara Kassabian

The $49.7 billion Pennsylvania Public School Employees Retirement System (PSERS) has committed $75 million each to two separate value-added real estate funds, Cabot Industrial Value Fund IV and AREA Value Enhancement Fund VIII, at its March 15 meeting. Both first-time investments to the funds.

PSERS is making a follow-on investment in the Cabot Industrial Value fund series, managed by industrial specialist Cabot Properties. Cabot Industrial Value Fund IV is a $650 million fund investing in U.S. multi-tenant warehouses. Approximately 20 percent of the fund’s capital can be used for development, and up to 10 percent is reserved for acquisitions in Canada,

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?