Updated with correction
Illinois Municipal Retirement Fund, Oak Brook, made three new real estate commitments totaling $115 million, said a news release e-mailed by spokeswoman Nisa Neely.
The $34.7 billion pension fund committed up to $50 million to AEW Partners VIII, a closed-end value-added opportunistic real estate fund managed by AEW Capital Management. The pension fund committed an additional $70 million to AEW Core Property Trust (U.S.) in January 2015, bringing the total commitment to $195 million.
The pension fund also committed up to $35 million to real estate fund CBRE Strategic Partners U.S. Value 8, managed by CBRE Global Investors. The pension fund previously committed the same amount to CBRE Strategic Partners U.S. Value 7 in February 2014.
Also, the pension fund committed up to $30 million to Long Wharf Real Estate Partners V. The pension fund previously committed $13.7 million to Long Wharf Real Estate Partners IV.
