Texas Teachers discloses $375 million in commitments
Updated with correction
Texas Teacher Retirement System, Austin, disclosed five commitments totaling $375 million in April, according to a transaction report from the $176.9 billion defined benefit plan.
For its real estate portfolio, TRS committed $150 million to Harrison Street Real Estate Partners VIII, an opportunistic fund managed by
Banner Oak Capital Partners; and $40 million to USEF Whisper Pooling, managed by
USAA Equity Advisors.
For its energy, natural resources and infrastructure portfolio, TRS also committed €80 million ($96 million) to international developed infrastructure fund
Antin Infrastructure Partners Mid Cap I-A. For its private equity portfolio, TRS committed $39 million to large buyout co-investment fund ASP LS Co-Invest, managed by
Texas Teachers discloses $391 million in commitments pionline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pionline.com Daily Mail and Mail on Sunday newspapers.
Kentucky tops up real estate commitments with additional $300 million
Kentucky tops up real estate commitments with additional $300 million
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Kentucky Public Pensions Authority, Frankfort, added a total of $300 million to two existing open-end core real estate fund investments.
KPPA investment staff made a follow-on commitment of $200 million to Harrison Street Core Property Fund, managed by Harrison Street Real Estate Capital; and $100 million to Prologis Targeted U.S. Logistics Fund, said Steven Herbert, executive director, office of investments, in a remote investment committee meeting Tuesday.
The follow-on commitments were made because the investment committee in November had approved increasing the five Kentucky pension funds target to real estate to 10% from 5% after the completion of an asset allocation study by investment consultant Wilshire Associates.
Bluestone, Brentwood Pay $75M for Virginia Senior Housing
The new owners will implement a multimillion dollar capital improvement plan on the 950-unit property in Richmond. Mar022021 Image via Google Maps
A joint venture of The Bluestone Group and Brentwood Investment Group has purchased Imperial Plaza, a 950-unit, four-building senior housing property in Richmond, Va., for $75 million. According to
Richmond BizSense, Dominion Partners was the seller, while Arbor Commercial Mortgage provided partial financing for the buyers.
Dominion picked up the asset that encompasses independent living, assisted living and memory care services, back in 2001, public records show. Located at 1717 Bellevue Ave. on 22 acres at the juncture of interstates 64, 95 and 195, the plot sits across the street from Bryan Park and 6 miles northwest of downtown Richmond.