The District of Columbia Retirement Board committed up to $60 million to Artemis Real Estate Partners Income and Growth Fund's sidecar option.
The $7.8 billion pension fund's board approved the commitment to the value-added real estate fund managed by Artemis Real Estate Partners at its May 21 meeting, recently released minutes show.
As of March 31, the pension fund's actual allocation to real estate was 5.3%.
Sheila Morgan-Johnson, executive director, could not be immediately reached for further information.
