The California Teachers Retirement System (CalSTRS) has revealed the issuance of an additional $350 million (€340 million) commitment to its Real Estate Investment Trust (REIT) manager, CenterSquare Investment Management.
The pension fund’s current $308.56 billion REIT portfolio managed by CenterSquare is worth $164.5 million, according to the pension fund’s website.
The CenterSquare Retirement Fund REIT has a US investment strategy and is measured against the NAREIT Index.
Center Square declined a request for comment.
CalSTRS, which disclosed the commitment as part of investments made in the first half of 2022, said it also placed $170 million in Harrison Street European Property Partners Fund III. Earlier this year, Harrison Street raised more than 800 million euros for its third alternative real estate fund in Europe.
The pension fund also put $200 million into GTISCal Investments, a US homebuilding joint venture it established with GTIS Partners in the latter part of 2017.
To read the latest issue of IPE Real Assets, click here.
from San Jose News Bulletin https://sjnewsbulletin.com/calstrs-allocates-350-million-to-centersquare-for-us-reits-news/
via IFTTT
https://sjnewsbulletin.com/calstrs-allocates-350-million-to-centersquare-for-us-reits-news/
No comments:
Post a Comment