Publications

Investors - MARCH 29, 2016

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

Sign in Start Your Free Trial Now View Purchase Options

Texas Municipal commits $375m to real estate

by Zoë Wolff

The $24 billion Texas Municipal Retirement System has committed $375 million to two real estate funds, according to recent meeting documents.

The pension fund committed $300 million to Blackstone Property Partners. The open-end core-plus fund, managed by The Blackstone Group, invests in retail, office, multifamily and industrial assets in major U.S. markets. Other recent investors in the fund include the New York State Common Retirement Fund and the New Jersey Division of Investment.

Texas Municipal additionally committed $75 million to DivcoWest Fund V. The value-added fund targets office buildings and R&D properties mainly in the greater San Francisco Bay Area and Seattle. The fund will potentially look to

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