Searches and Hires

Houston Municipal sets $20 million for self-storage real estate fund

Houston Municipal Employees Pension System committed up to $20 million to Prime Storage Fund II, spokesman Peter Koops said in an email.

The real estate fund, which focuses on acquiring U.S. self-storage real estate, is managed by Prime Group Holdings.

The $2.3 billion pension fund has a real estate target allocation of 12% as of June 30, 2016, the most recent information available.