Investors - JUNE 13, 2016

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

Sign in Start Your Free Trial Now View Purchase Options

Texas TRS commits $478m to real estate

by Zoë Wolff

The $128 billion Teacher Retirement System of Texas has committed $478 million to two real estate funds, according to a recently released transaction report.

The pension fund committed $278 million to Lone Star Real Estate Fund V. The fund, which launched in December 2015, was seeking to raise $5 billion to target real estate debt and equity investments in the Americas, Japan and Western Europe. The fund held a final close of $5.9 billion in April 2016.

Texas TRS also committed $200 million to DivcoWest Fund V. The value-added fund targets office buildings and R&D properties in the greater San Francisco Bay Area and Seattle, and may also invest in other markets, including Los Angeles; Portland, Ore.; Au

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