The $139.7 billion Teacher Retirement System of Texas has committed $200 million to a Greystar Real Estate Partners co-investment fund, according to a report sent by Juliana Fernández Helton, communications specialist for the pension fund.
The co-investment fund, Greystar TT, will focus on U.S. opportunistic real estate, according to the report.
Texas TRS has made multiple commitments to real estate funds during 2017, including $150 million to Invesco U.S. Income Fund, $230 million to Strategic Real Estate Equity Fund II and $100 million to a development co-investment vehicle for AEW Senior Housing Investors III.
As of March 31, 2017, Texas TRS had a real estate allocation target of 14 percent.
