Vero Beach Police Officers backs U.S. Real Estate Investment Fund

The Vero Beach (Fla.) Police Officers' Retirement Trust Fund has approved a $3 million commitment to the U.S. Real Estate Investment Fund (US REIF), a vehicle managed by Boston-based Intercontinental Real Estate Corp.

Intercontinental is an SEC-registered investment adviser and Qualified Professional Asset Manager (QPAM) that provides real estate investment management solutions to corporations, insurance companies, foreign governments, domestic pension plans, Taft-Hartley Trust Funds, banks, university endowments and high net-worth individuals.

US REIF is a nationally diversified fund, with assets consisting of all property types, including office, multifamily, industrial, retail and mixed-use. Although the strategy is predominantly focused on core and core-plus properties, US REIF also has the ability to invest on a select basis in value-add opportunities.