Pennsylvania Public School Employees Retirement System, Harrisburg, committed up to $200 million to Blackstone Real Estate Partners V and up to $100 million to Lubert-Adler Real Estate Fund V, confirmed Evelyn Tatkovski, spokeswoman for the $53.7 billion system. Both investments are pending contract negotiations.
The fund had roughly 4.8% of its total assets, or $2.6 billion, invested in real estate as of Sept. 30.
