Investors - NOVEMBER 18, 2021

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

Sign in Sign up for a FREE subscription

Texas Municipal Retirement System announces three new real estate commitments

by Kali Persall

In an investment report from October, the Texas Municipal Retirement System (TMRS) disclosed nearly $400 million in new real estate commitments during the previous months.

The pension fund committed $200 million to Ascentris / TM Partners, a value-add private market fund and a new manager for TMRS.

TMRS also put $80 million each in Grandview II and Grandview II TX co-invest, representing existing noncore relationships for the pension fund.

In September, TMRS announced that it was seeking an experienced investment executive to manage its $35 billion trust fund. Earlier in September, TMRS also published a job posting seeking an investment analyst for its real estate and other public- and private-

Forgot your username or password?

We use cookies and other tracking technologies to personalize your user experience on our site and perform site analytics. By clicking on “I accept”, you consent to our Privacy Policy.