Waterton raises $1.5 billion for latest value-added real estate fund
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Waterton held a final close of its latest value-added real estate fund, Waterton Residential Property Venture XIV, reaching its hard cap of $1.5 billion.
The fund invests in multifamily properties in major U.S. markets. The firm has already deployed capital from the fund, including the acquisition of a four-property portfolio in the greater Atlanta area, a two-property portfolio in Hawaii and three assets in California.
Its predecessor fund, Waterton Residential Property Venture XIII, closed at $920 million in April 2018.
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Ohio Police & Fire executive director sets retirement date
John Gallagher
John Gallagher, executive director of the Ohio Police & Fire Pension Fund, will retire effective July 1, spokesman David Graham said.
Mr. Gallagher has been executive director of the $17 billion Columbus-based pension fund since January 2013. The highlight of my time has been working with an incredibly experienced team of professionals committed to funding the retirements of Ohio s first responders, Mr. Gallagher said in a news release. I have no doubt that the board and senior staff will continue the good work during the search for a new executive director.
Mr. Graham said a search for a replacement will begin immediately. A timeline for the naming of a replacement has not yet been determined.
Ohio Police & Fire sets pacing for real asset, real estate commitments
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Ohio Police & Fire Pension Fund, Columbus, will make up to $580 million in new real asset and real estate commitments in 2021.
The $17.2 billion pension fund s board Wednesday approved the 2021 real assets investment plan, which will include up to $250 million in open-end funds and up to $110 million in closed-end funds, primarily in infrastructure, spokesman David Graham said.
No new commitments to timberland are expected in the foreseeable future, while the pension fund plans to make a gradual increase in commitments to agriculture funds over the next several years, Mr. Graham said.
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