The $29 billion South Carolina Retirement System Investment Commission has committed $200 million Heitman Core Real Estate Debt Income Trust, according to LaJoia Broughton, director of external communications for the pension fund.
Heitman Core Real Estate Debt Income Trust, which launched in late 2016, is a real estate debt fund that will provide financing for U.S. hotel, industrial, multifamily, office, retail, self-storage and student housing properties.
The fund has also received commitments from the $15.4 billion Employees’ Retirement System of the State of Hawaii and the $97 billion State of Wisconsin Investment Board.
South Carolina has a target allocation to real estate of 7 percent.
