Chicago Transit Authority Employees Retirement Plan committed $20 million to the Jamestown Premier Property Fund, a core real estate fund, according to recently released minutes from the pension fund’s March 27 meeting.
An RFP was issued in September.
The $1.9 billion pension fund has a 10% target allocation to real estate.
Real estate consultant Townsend Group assisted.
John Kallianis, executive director, did not return a telephone call by press time.