Publications

Investors - APRIL 3, 2018

Recent commercial real estate commitments

by Loretta Clodfelter

IREI’s FundTracker captured 22 real estate commitments in the past month. The largest commitment was a total of nearly $800 million allocated by the California State Teachers’ Retirement System to two investment managers.

 

Recent commitments — Global

Investor Sponsor Vehicle Strategy Structure Commitment ($m)
California State Teachers' Retirement System Beacon Capital Partners Beacon Capital Strategic Partners VIII Value-added Closed-end $300
California State Teachers' Retirement System PCCP, LLC PacificCal Debt II Core Joint venture $495
Chicago Policemen's Annuity & Benefit Fund Mesirow Financial Mesirow Financial Real Estate Value Fund III Value-added Closed-end $10
Hawaii Employees' Retirement System Almanac Realty Investors Almanac Realty Securities VIII Value-added Closed-end $50
Illinois State Universities Retirement System Blackstone Blackstone Property Partners Core-plus Open-end $200
Illinois State Universities Retirement System The Carlyle Group Carlyle Property Investors Core-plus Open-end $100
Kansas Public Employees Retirement System Waterton Waterton Residential Property Venture XIII Value-added Closed-end $50
Kern County (Calif.) Employees Retirement Association Landmark Partners Landmark Real Estate Fund VIII Value-added, opportunistic Closed-end $60
Leicestershire County (U.K.) Council Kames Capital Active Value Property Fund II Core-plus, value-added Closed-end £25
Los Angeles County Employees Retirement Association Angelo, Gordon & Co. AG Europe Realty Fund II Value-added Closed-end $50
Missouri Local Government Employees Retirement System Garrison Investment Group Garrison Real Estate Fund IV Value-added, opportunistic Closed-end $75
Nebraska Investment Council Almanac Realty Investors Almanac Realty Securities VIII Value-added Closed-end $40
Nebraska Investment Council Torchlight Investors Torchlight Debt Opportunity Fund VI Value-added, opportunistic Closed-end $40
New Jersey Division of Investment TPG Capital TPG Real Estate Partners III Value-added, opportunistic Closed-end $100
New Mexico Educational Retirement Board Ram Realty Advisors Ram Realty Partners V Value-added Closed-end $40
New Mexico Educational Retirement Board Sares-Regis Group Sares-Regis Multifamily Value-Add Fund III Value-added Closed-end $30
Pennsylvania Public School Employees' Retirement System Cabot Properties Cabot Industrial Core Fund II Core Closed-end $100
Texas County & District Retirement System FPA Multifamily FPA Core Plus Fund IV Core-plus Closed-end $100
Texas Teacher Retirement System Almanac Realty Investors Almanac Realty Securities VIII Value-added Closed-end $150
Texas Teacher Retirement System Brookfield Asset Management Brookfield Strategic Real Estate Partners III Opportunistic Closed-end $300
University of Liverpool (U.K.) Kames Capital Active Value Property Fund II Core-plus, value-added Closed-end £25
Wisconsin State Investment Board Heitman Heitman Debt Separate Account VII Separate account $150
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