Arapahoe County Retirement Plan, Centennial, Colo., committed $10 million to Harbert U.S. Real Estate Fund VI, a value-added real estate fund managed by Harbert Management, recently released board meeting minutes show.
The pension fund previously committed up to $13 million to predecessor fund Harbert U.S. Real Estate Fund V in 2014.
The approximately $265 million plan has a 20% target allocation to real estate.
Lew Quigley, retirement plan administrator, could not be reached for additional information by press time.
