Publications

Investors - APRIL 19, 2016

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

Texas County & District commits $75m to real estate

by Zoë Wolff

The $24.7 billion Texas County & District Retirement System has committed $75 million to GEM Realty Fund VI, according to a recent transaction report.

The value-added real estate fund, managed by GEM Realty Capital, launched earlier this month and recently received a commitment from the Houston Municipal Employees Pension System.

TCDRS previously committed $50 million to GEM Realty Capital V, the fund’s predecessor, in 2013. Fund V invests across multiple property types throughout the United States.

TCDRS has a 5 percent target allocation to real estate.

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy