Publications

Investors - MAY 21, 2014

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

San Francisco commits $50m to value-added real estate

by Reg Clodfelter

The San Francisco Employees’ Retirement System has committed $50 million to Gaw Capital’s U.S. Value-Add Fund, according to Norm Nickens, board secretary with SFERS.

The value-added fund launched in February 2014 with a $500 million fundraising goal and is targeting a June 30, 2015, final close date. The fund will be run by Gaw Capital’s recently formed U.S. unit and will target value through the repositioning and redevelopment of properties with a special focus on office and hospitality redevelopments.

The approximately $16 billion retirement system has already committed at least $100 million to noncore real estate in 2014, committing $50 million to DivcoWest Fund IV in January and another $

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy