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Texas TRS diversifies its real estate investments for the month of March
Investors - APRIL 7, 2020

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Texas TRS diversifies its real estate investments for the month of March

by Kali Persall

The $157 billion Teacher Retirement System (TRS) of Texas has disclosed $234 million in new real estate commitments for the month of March.

The system allocated $130 million to CMTG TT Participation Investor. Claros Mortgage Trust (CMTG) is a private mortgage REIT externally managed by Claros REIT Management.

Texas TRS committed $50 million to Abacus Multi-Family Partners V, managed by Abacus Capital Group. The value-add Abacus Multi-Family Partners V will invest in multifamily properties with specific characteristics, such as relative affordability in markets and submarkets showing favorable multifamily trends. As of February, the fund had raised $541 million from 20 investors toward its goal of $790 million.

The system also allocated to Square Mile Capital Management’s $53.6 million to Square Mile Bronx Logistics Co-Investment.The opportunistic Square Mile Bronx Log

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