CalSTRS committed $1.1 billion to real estate, with the majority of the capital ($825 million) going to control joint ventures, according to its semiannual real estate report.
The $346.5 billion California State Teachers' Retirement System, West Sacramento, committed $300 million each to Hampshire Cal Industrial JV, an industrial investment, and Hamilton Development Cal JV, an opportunistic industrial investment. CalSTRS also committed $125 million to Lineage JV, a value-added residential investment and $100 million to CP Logistics Canada JV, an industrial investment.
Pension fund officials also committed $150 million to PCCP Credit XI, a core real estate debt fund; $62 million to 3650 REIT 5, a core real estate debt fund; and $50 million to PCCP Equity Fund X, an opportunistic real estate fund.
