Publications

Investors - OCTOBER 13, 2016

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

Sign in Start Your Free Trial Now View Purchase Options

PSERS commits $275m to real estate

by Jody Barhanovich

The $52.3 billion Pennsylvania Public School Employees’ Retirement System has committed a total of $275 million to three value-added real estate funds.

The first commitment was an allocation of $100 million to Cabot Industrial Value Fund V, a value-added real estate fund managed by Cabot Properties. The closed-end fund will focus its investments in industrial properties, mainly in Europe and North America. The fund has $100 million in total capital raised, as of July 2016. PSERS previously made commitments to three Cabot funds, including a $75 million allocation to the fund’s predecessor, Cabot Industrial Value Fund IV, in March 2013. The pension fund also committed $100 million to Cabot Industrial Value Fund III in August 2008. In addition, the fund

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