Publications

Investors - MARCH 19, 2013

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

Sign in Start Your Free Trial Now View Purchase Options

Texas ERS commits $227 million to real estate investments

by Sara Kassabian

The $23.6 billion Employees Retirement System of Texas (ERS) has committed $205 million to three real estate funds and $22 million through its emerging manager program.

Texas ERS has committed $100 million to KTR Industrial Fund III,a value-add commingled fund managed by KTR Capital that focuses on acquiring, developing and operating industrial assets in North America. The fund, which reported it raised approximately $500 million at the beginning of this year,aims to hold a final close this month. KTR Industrial Fund III started fundraising summer 2012 with a $750 million fundraising goal and a $1 billion hard cap.

The second commitment was $80 million to Madison International Real Estate Liquidity Fund V, a value-added fund managed by Madison International Realty. Recently, Madison

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?