State of Wisconsin Investment Board makes $268m in new investments
IREI has learned the State of Wisconsin Investment Board (SWIB) has made $268 million in new real estate commitments. These include a $150 million commitment to Nuveen Real Estate’s open-end U.S. Cities Industrial Fund and a $25 million commitment to High Street Real Estate Fund VI, managed by High Street Realty Co.
SWIB also has made a $67.5 million co-investment in Penwood Select Industrial Club V, a fund managed by Penwood Real Estate Investment Management, and invested $25.7 million in Realterm Airport Logistics Properties.
The pension fund could not be reached to comment on its recent investment activity at the time of publication.
SWIB invests in commercial real estate both as a sole direct owner or in joint ventures and partnerships with outside managers that are diversified by location and property types. The pension fund also invests in REITs.