Publications

Investors - JUNE 4, 2018

Recent commercial real estate commitments

by Loretta Clodfelter

IREI’s FundTracker captured 19 real estate commitments in the past month. The largest commitment was an allocation of $300 million to DivcoWest Real Estate Services by the California State Teachers’ Retirement System.

Investor Sponsor Vehicle Strategy Structure Commitment ($m)
California State Teachers' Retirement System DivcoWest DivcoWest/CalSTRS JV Core, core-plus Joint venture $300
Hawaii Employees' Retirement System Fortress Investment Group Fortress Japan Opportunity Fund IV Opportunistic Closed-end $20
Houston Firefighters Relief and Retirement Fund Brookfield Asset Management Brookfield Strategic Real Estate Partners III Opportunistic Closed-end $25
Kansas Public Employees Retirement System J.P. Morgan Asset Management – Global Real Assets JPMCB Strategic Property Fund Core Open-end $60
Los Angeles Fire & Police Pensions Almanac Realty Investors Almanac Realty Securities VIII Value-added Closed-end $50
Los Angeles Fire & Police Pensions Heitman Heitman Asia-Pacific Property Investors Value-added Closed-end $50
Los Angeles Fire & Police Pensions Unico Properties Unico Core Plus Partners Core-plus Closed-end $35
New York State Common Retirement Fund Mesa West Capital Mesa West Core Lending Fund Core, core-plus Open-end $150
Oregon Public Employees Retirement Fund KSL Capital Partners KSL Capital Partners V Closed-end $200
Stichting Pensioenfonds Metaal en Techniek Barings Barings European Core Property Fund Core Open-end $118
Texas County & District Retirement System KSL Capital Partners KSL Capital Partners V Closed-end $75
Texas Municipal Retirement System Abacus Capital Group Abacus Multi-Family Partners IV Value-added Closed-end $75
Texas Teacher Retirement System PCCP, LLC PCCP Equity VIII Value-added, opportunistic Closed-end $150
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