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Sign in Sign up for a FREE subscriptionTennessee Consolidated invests in FPA Multifamily
Institutional Real Estate, Inc. has learned that Tennessee Consolidated Retirement System (TCRS) has approved its first-ever commitment to San Francisco–based FPA Multifamily, with an investment of $100 million.
The $49.5 billion pension fund could not be reached to comment on its latest investment.
Launched in September, the FPA Core Plus Fund V will pursue a core-plus strategy, targeting multifamily assets across the United States. The fund is targeting a $1 billion fundraise.
The first vehicles in the fund series closed with $122 million, $125 million, $455 million and $703.25 million, respectively.
FPA Core Plus Fund IV, the new fund’s predecessor
