Texas County & District Retirement System, Austin, committed $75 million to FPA Apartment Opportunity Fund VII, a transaction report from the $30.4 billion fund showed.
Existing real estate manager FPA Multifamily will seek to acquire apartment properties in U.S. high-growth markets.
Including the commitment to the latest FPA multifamily fund, TCDRS' investment officers committed a total of $201 million to three real estate funds as of July 1.
In 2018, the defined benefit plan's real estate team committed a total of $722 million to nine real estate strategies, transaction reports showed.
