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Texas County & District slates $50 million for self-storage fund

Texas County & District Retirement System, Austin, committed $50 million from its $575 million private real estate portfolio to Prime Storage Fund II, a transaction report showed.

The fund is managed by Prime Group Holdings and will focus on investments in value-added U.S. self-storage properties.

The Prime Storage Fund II commitment is the $27 billion pension fund's third to private real estate in 2017, bringing year-to-date new commitments to the asset class to $230 million.