Tennessee Consolidated commits $55 million to real estate funds

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.

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