Texas Teachers plans to invest $4.2b in real estate in 2020

The $148.1 billion Texas Teacher Retirement System has plans to commit approximately $4.2 billion to its real estate exposure, with 50 percent in principal investments, or co-investments, according to documents disclosed at its July board of trustees meeting.

The pension fund committed more in 2019, investing a total of approximately $6.2 billion — $3.2 billion in 18 funds and $3 billion in 94 principal investments.

The report stated retail and hospitality assets were highly impacted to date by COVID-19. Apartment, office and senior housing assets had experienced a medium impact. And single-family rental and industrial assets were low-impact assets.