The $92.1 billion Virginia Retirement System (VRS) has committed a total of $250 million to two real estate funds in February and April, according to a recent investment report.
VRS invested $125 million in the Penwood Select Industrial Partners VI, a closed-end enhanced core fund investing in U.S. industrial properties; and $125 million in Harrison Street Real Estate Partners Fund VIII, a closed-end opportunistic fund investing in U.S./Canada alternative property types such as life sciences, medical office, senior housing and student housing.
Penwood Select Industrial Partners VI is managed by Penwood Real Estate Investment Management, a Connecticut-based limited liability company and registered investment adviser. The fund opened to investors in January and had raised $381.5 million from five investors as of
