Publications

Investors - AUGUST 2, 2018

Recent commercial real estate commitments

by Loretta Clodfelter

IREI’s FundTracker captured 17 real estate commitments in the past month. The largest was a $200 million investment by the Public Officials Benefit Association of South Korea into Square Mile Credit Partners II, a real estate debt fund sponsored by Square Mile Capital Management.

Investor Sponsor Vehicle Strategy Structure Commitment ($m)
Alameda County (Calif.) Employees' Retirement Association Angelo, Gordon & Co. AG Realty Value Fund X Opportunistic Closed-end $35
Fort Worth Employees Retirement Fund Ascentris Ascentris Value Add Fund III Value-added Closed-end $25
Hartford (Conn.) Municipal Employees Retirement Fund Basis Investment Group BIG Real Estate Fund I Closed-end $6
Louisiana Teachers' Retirement System Cabot Properties Cabot Industrial Core Fund II Core Closed-end $50
Louisiana Teachers' Retirement System FCP FCP Realty Fund IV Closed-end $50
Ohio School Employees Retirement System Almanac Realty Investors Almanac Realty Securities VIII Value-added Closed-end $50
Pensioenfonds Detailhandel (Netherlands) ASR REIM ASR Dutch Prime Retail Fund Core Closed-end N/A
San Diego City Employees Retirement System Almanac Realty Investors Almanac Realty Securities VIII Value-added Closed-end $20
San Francisco Employees' Retirement System Fortress Investment Group Fortress Japan Opportunity Fund IV Opportunistic Closed-end $100
San Francisco Employees' Retirement System Fortress Investment Group Fortress Real Estate Opportunities Fund III Opportunistic Closed-end $75
South Korea Public Officials Benefit Association Square Mile Capital Management Square Mile Credit Partners II Value-added Closed-end $200
Stichting Pensioenfonds APF (Netherlands) ASR REIM ASR Dutch Prime Retail Fund Core Closed-end N/A
Stichting Pensioenfonds Openbaar Vervoer (Netherlands) ASR REIM ASR Dutch Prime Retail Fund Core Closed-end N/A
Texas County & District Retirement System Taconic Capital Taconic CRE Dislocation Fund II Closed-end $100
Texas Employees Retirement System Abacus Capital Group Abacus Multi-Family Partners IV Value-added Closed-end $25
Texas Teacher Retirement System Square Mile Capital Management Square Mile Credit Partners II Value-added Closed-end $150
University of Michigan Regents Kayne Anderson Capital Advisors Kayne Anderson Real Estate Debt III Closed-end $30

 

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