Tennessee Consolidated commits $55 million to real estate funds
By Rob Kozlowski | January 10, 2013 3:44 pm
Tennessee Consolidated Retirement System, Nashville, made a total of $55 million in commitments to real estate funds, confirmed Michael Brakebill, chief investment officer.
The $36.3 billion pension fund committed $30 million to Covenant Capital Apartment Fund VII and $25 million to Normandy Real Estate Fund III, both first-time commitments.
Real estate consultant Townsend Group assisted.