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State investment board commits $1.1b to real estate

by Reg Clodfelter

The Washington State Investment Board has committed $1.1 billion to real estate, divided between two separate accounts, confirms Liz Mendizabal, institutional relations director with WSIB. Calzada Capital Partners received a commitment of $600 million, increasing WSIB’s total existing commitment to $2.7 billion. Calzada invests in real estate operating companies globally with an emphasis on the Americas. Evergreen Real Estate Partners received the remaining $500 million, increasing WSIB’s total existing commitment to $3.0 billion. Evergreen Partners is a real estate development company focused on the acquisition, re-development and long-term ownership of affordable rental housing.  As of Sept. 30, 22.8 percent of WSIB’s real estate portfolio is allocated to residential real estate, more than any other property type. Approximately $9.9 billion, or 9.5 percent, of WSIB’s $103.6 billion in assets are invested in real

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