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Texas Municipal commits $783m to real estate

by Zoë Wolff

The Texas Municipal Retirement System has committed a total of $783 million to several real estate funds, according to Bill Wallace, director of communications for TMRS. The $23.4 billion pension fund’s largest commitment was $250 million to USAA Eagle Real Estate Feeder 1, an open-end fund that focuses on core-plus U.S. properties. Additionally, the pension fund committed to two funds managed by H/2 Capital Partners: $125 million to H/2 Credit Partners and $75 million to H/2 Core Real Estate Debt Fund. A $100 million commitment was made to TPG Real Estate Partners II, an opportunistic fund sponsored by TPG Capital that also recently received a $125 million commitment from the New Jersey Division of Investment. The pension fund also committed $75 million to Rubenstein Properties Fund III, a value-add

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