Two pension funds invest in Greystar-value-added funds

In separate commitments, two U.S. pension funds have made commitments to value-added funds managed by Greystar.

The $226 billion Teacher Retirement System of Texas has plans to invest $150 million in Greystar Equity Partners Asia Pacific Fund I. The value-added fund will invest in multifamily properties in Japan, Australia, and China.

And the $41 billion South Carolina Retirement System Investment Commission, Columbia, has committed $150 million to Greystar Equity Partners XI. It is part of a fund series. Its predecessor, Greystar Equity Partners X, acquires multifamily properties throughout the United States. Greystar completed a final close for Greystar Equity Partners X, its 10th fund in the series, raising its target of $2 billion in capital commitments.