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Sign in Sign up for a FREE subscriptionTRS Illinois commits $60m to Exeter
The $52.65 billion Teachers’ Retirement System (TRS) of Illinois has committed $60 million to Exeter Property Group, Conshohocken, Pa., according to a recent board meeting announcement.
The real estate investment management firm specializes in the acquisition, development, leasing, and management of industrial and related business park properties across North America and Europe, via an array of value-add and core return private equity investment vehicles.
Exeter currently administers $28.9 million in TRS assets, according to the pension fund.
TRS Illinois’ real estate portfolio is valued at $7.4 billion.
