San Joaquin County invests $50m in essential housing fund

The $3.7 billion San Joaquin County (Calif.) Employees' Retirement Association (SJCERA) has unveiled a $50 million commitment to the open-ended AEW Essential Housing Fund (AEW EHF).

Managed by AEW Capital Management, AEW EHF will focus on housing that is affordable for middle- to low-income renters in the United States. The fund has so far collected $485 million of commitments, according to the IREI.Q database.

Investors include the Oregon State Treasury, the Employees Retirement System of Texas and the Employees' Retirement System of Rhode Island.