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Sign in Sign up for a FREE subscriptionSan Diego pension to commit $20m to senior housing fund
The $8 billion San Diego City Employees’ Retirement System (SDCERS) has approved a $20 million commitment to Senior Housing Partnership Fund VI, confirmed Liza Crisafi, SDCERS’ chief investment officer.
The value-added, closed-end real estate fund is managed by PGIM Real Estate.
As of March, six investors had committed capital to the fund, according to an SEC Form D filing. It has raised $256 million to date.
SDCERS’ real estate portfolio had an NAV of $830.3 million, as of September 2018.
