Washington, D.C., pension commits $30m to real estate fund

The $78 billion District of Columbia Retirement Board has committed $30 million to Centerbridge Real Estate Fund, according to board meeting documents. The commitment is subject to contract negotiations.

Centerbridge Real Estate Fund is managed by Centerbridge Partners, a New York–based private investment firm. The firm’s primary investment sectors include real estate, healthcare, and retail and consumer properties throughout the United States.

To date, Centerbridge has deployed approximately $7.5 billion across three strategies: corporate platforms, loans and securities, and direct assets.