The Teacher Retirement System of Texas (TRS) has placed $50 million into a recent Faropoint Ventures vehicle, Industrial Sale-Leaseback (SLB) Fund. This commitment was made on Oct. 31, according to an investment notice emailed by TRS spokesperson Rob Maxwell.
The Industrial Sale-Leaseback Fund is a closed-end, value-added fund focused on industrial properties in the United States, specifically functional infill industrial properties. Opened on Aug. 1, this vehicle has a maximum size of $300 million.
TRS is a public pension fund, managing the retirement security of Texas public education employees. It has $203.7 billion in total assets with 15 percent allocated to real estate assets. As of June 30, TRS had $28.3 billion in total real est
