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Sign in Sign up for a FREE subscriptionSan Jose makes more than $130m of commitments to real estate in first half of the year
The San Jose (Calif.) Office of Retirement Services has disclosed $133 million in real estate commitments on behalf of two of its plans during the first half of the year.
The investments included $58 million to TA Realty Core Property Fund, $34 million to Clarion Lion Industrial Trust, $25 million to Centerbridge Partners Real Estate Fund II, $15 million to Torchlight Debt Fund VII and $1 million to Clarion Lion Properties Fund.
The commitments came from the San Jose Federated City Employees’ Retirement System and the San Jose Police and Fire Department Retirement Plan.
TA Realty is an existing manager for the San Jose Police and Fire Department Retirement Plan, but is new for the other San Jose plan, according to a spokesperson for San Jose. Clarion and Torchlight are existing managers.
