Publications

Investors - SEPTEMBER 5, 2018

Recent commercial real estate commitments

by Loretta Clodfelter

IREI’s FundTracker captured 29 real estate commitments in the past month. The largest was a $1.4 billion equity commitment by the Canada Pension Plan Investment Board to its Chinese logistics joint venture with Goodman Group.

 

Recent commitments — Global

Investor Sponsor Vehicle Strategy Structure Commitment ($m)
California State Teachers' Retirement System 3650 REIT 3650 REIT/CalSTRS JV Joint venture $200.0
Canada Pension Plan Investment Board Goodman Group Goodman China Logistics Partnership Core Joint venture $1,400.0
Contra Costa County (Calif.) Employees' Retirement Association Invesco Real Estate Invesco U.S. Value-Add Fund V Value-added Closed-end $75.0
First State Super (Australia) LendLease LendLease/First State Super JV Joint venture $500.0
Fresno (Calif.) City Employees Retirement System Brookfield Asset Management Brookfield Strategic Real Estate Partners III Opportunistic Closed-end $50.0
Illinois Teachers' Retirement System Fortress Investment Group Fortress Japan Opportunity Fund IV Opportunistic Closed-end $200.0
Louisiana School Employees Retirement System Henderson Park Capital Partners Henderson Park Real Estate Fund Value-added, opportunistic Closed-end $30.0
Louisiana School Employees Retirement System HighBrook Investors HighBrook Income Property Fund III Value-added, opportunistic Closed-end $30.0
Louisiana State Police Retirement System Brookfield Asset Management Brookfield Strategic Real Estate Partners III Opportunistic Closed-end $5.0
Merced County (Calif.) Employees Retirement Association Angelo, Gordon & Co. AG Realty Value Fund X Opportunistic Closed-end $5.0
Merced County (Calif.) Employees Retirement Association Carmel Partners Carmel Partners Investment Fund VII Value-added Closed-end $5.0
Mississippi Public Employees' Retirement System Angelo, Gordon & Co. AG Realty Value Fund X Opportunistic Closed-end $75.0
Montana Board of Investments Angelo, Gordon & Co. AG Realty Value Fund X Opportunistic Closed-end $30.0
New York State Teachers' Retirement System Raith Capital Partners Raith Real Estate Fund II Opportunistic Closed-end $200.0
New York State Teachers' Retirement System Raith Capital Partners NYSTRS Real Estate Debt Separate Account Separate account $200.0
Orange County (Calif.) Employees Retirement System Almanac Realty Investors Almanac Realty Securities VIII Value-added Closed-end $75.0
Pennsylvania Public School Employees' Retirement System PIMCO PIMCO Commercial Real Estate Debt Fund Closed-end $200.0
Phoenix City Employees Retirement System Ascentris Ascentris Value Add Fund III Value-added Closed-end $25.0
Phoenix City Employees Retirement System SC Capital Partners Pte Real Estate Capital Asia Partners V Opportunistic Closed-end $25.0
San Francisco Employees' Retirement System Revcap Advisors Kitty Hawk Capital Partners V Opportunistic Closed-end $45.0
Santa Barbara County (Calif.) Employees' Retirement System Blackstone Blackstone Property Partners Core-plus Open-end $10.0
Santa Barbara County (Calif.) Employees' Retirement System Longpoint Realty Partners Longpoint Real Estate Partners Fund I Value-added Closed-end $15.5
Texas County & District Retirement System Aermont Capital Aermont Capital Real Estate Fund IV Opportunistic Closed-end $97.0
Texas County & District Retirement System Carmel Partners Carmel Partners Investment Fund VII Value-added Closed-end $75.0
Texas County & District Retirement System Harrison Street Real Estate Capital Harrison Street Real Estate Partners VII Opportunistic Closed-end $50.0
Texas Employees Retirement System KSL Capital Partners KSL Capital Partners V Closed-end $60.0
Texas Municipal Retirement System Torchlight Investors Torchlight Debt Opportunity Fund VI Value-added, opportunistic Closed-end $75.0
Texas Municipal Retirement System Tristan Capital Partners European Property Investors Special Opportunities 5 Value-added, opportunistic Closed-end $70.0
Virginia Retirement System Fortress Investment Group Fortress Japan Opportunity Fund IV Opportunistic Closed-end $52.0
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