Investors - MAY 3, 2013

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TCDRS makes $50 million commitment to GEM value-added fund

by Andrea Waitrovich

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.

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