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SWIB commits $340m to real estate

by Jody Barhanovich

The $97 billion State of Wisconsin Investment Board has committed a total of $340 million to three real estate investments, according to a board meeting document.

The first allocation was a $165 million commitment to Wilson HCF Wisconsin Holdings 5, a real estate separate account managed by Heitman. The diversified separate account invests in U.S. properties.

The pension fund also committed $100 million to Buchanan Separate Account II, managed by Buchanan Street Partners. The firm invests in office, industrial, retail and multifamily properties nationwide.

Lastly, SWIB committed $75 million to High Street Real Estate Fund V, managed by High Street Equity Advisors. The real estate fund, which is seeking to raise $350 million, invests in U.S. industrial and warehouse properties that follow a core-plus investment strategy. The fund previously received a $25 million commitment from the $12.6 billion M

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