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Sign in Sign up for a FREE subscriptionWSIB invests $1.25b in real estate, appoints new CIO
The $141 billion Washington State Investment Board (WSIB) approved three commitments to real estate and named a new CIO at its Nov. 21 meeting, board documents show.
The pension fund greenlighted commitments totaling $1.25 billion to Aevitas Property Partners, Calzada Capital Partners and Partners Enterprise Capital (PEC).
The first commitment was a follow-on of $500 million to Aevitas Property Partners, the fifth investment to this group. WSIB previously committed $250 million in 2012 and $500 million in 2014, 2016 and 2017.
WSIB also will invest $250 million in Calzada Capital Partners, following two prior commitments. In addition, five existing real estate operating companies previously overseen directly by WSIB staff were moved over time to Calzada’s oversight. The WSIB’s total existing commitment to the partnership to date is $4.075 billion, not including the most recent investment.
Finally, the pension fund committed a follow-on investment $500
