Investors - FEBRUARY 11, 2015

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

Sign in Start Your Free Trial Now View Purchase Options

Texas Teachers commits $465m to high-yield real estate

by Reg Clodfelter

The Teacher Retirement System of Texas has committed $465 million to high-yield real estate, divided between three managers, according to Juliana Fernandez Helton, communications specialist with the retirement system.

Texas TRS committed $200 million to Westbrook Real Estate Fund X, an opportunistic fund that launched last summer and is looking to have a $2 billion final close by September 2015. The fund had a $693 million first close at the end of January.

Westbrook’s Fund X targets a gross return of approximately 15 percent by investing in office, hotel, residential land, industrial and retail assets in selected coastal markets in the United States, such as Boston, Los Angeles, New York City, San Francisco and Washington, D.C., as well as global gateway cities such as Berlin, Frankfurt, London, Munich, Paris and Tokyo.


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