UC Investments to invest $2b to expand campus offerings throughout California

UC Investments, which manages University of California investment funds, is planning to invest $2 billion in market-rate real estate, including student, staff and faculty housing, classroom buildings and lab space, located on or near UC campuses.

The investment would be split between the pension and endowment, using equity and debt.

UC Investments said it continues to expand its student enrollment, hire more faculty and staff, and broaden the reach and importance of its groundbreaking research. Traditionally, UC Investments has worked with third-party developers, construction firms and operators to manage its real estate assets, which are spread throughout California, relying on internal and/or external financing.

UC Investments has realized that the university as a whole might benefit from a more organized and holistic strategy for acquiring real estate near or on UC campuses, rather than ceding these opportunities to outside investors. To bring this process in