Texas Municipal commits $100 million to Abacus Capital Group fund

The $34.5 billion Texas Municipal Retirement System has committed $100 million to Abacus Multi-Family Partners VI, a new multifamily investment vehicle launched by Abacus Multi-Family Partners.

Abacus Multi-Family Partners VI is a value-add real estate fund that invests in multifamily properties throughout the United States. Like its predecessor vehicle, Abacus Multi-Family Partners V, the sixth fund will acquire properties with specific characteristics, such as relative affordability in markets and submarkets showing favorable multifamily trends.

In other news, Texas Municipal Retirement System announced that the pension fund’s real estate portfolio generated the highest net returns of 20.8 percent for the one-year period ended March 31, 2022, according to the transactional report.