The $19.7 billion Texas County & District Retirement System (TCDRS) approved a $50 million commitment to GEM Realty Fund V, a value-added fund managed by GEM Realty Capital, at its April 30 meeting.
GEM Realty Fund V was launched this year with a $750 million fundraising goal. GEM Realty Fund V will target diversified investments across multiple property types in the United States.
