SFERS makes two separate real estate commitments
The $16.7 billion City & County of San Francisco Employees’ Retirement System (SFERS) has approved $90 million to two opportunistic real estate funds at its Feb. 13 meeting.
SFERS invested $50 million in Harrison Street Real Estate Partners IV, managed by Harrison Street Real Estate Capital. The opportunistic fund launched in December 2012 with a $700 million fundraising goal. It is part of a fund series that specializes in the medical office, student housing, self-storage and senior housing/assisted living sectors.
Also, SFERS made a $40 million commitment to AEW Partners Fund VII, a $500 million opportunis