Montana Board Of Investments Commits $100M To Two Real Estate Funds, Ups Exposure To Reits | News | Institutional Real Estate, Inc.
The Montana Board of Investments (MBI) has committed $100 million to two real estate funds, according to a recent investment packet from February. MBI disclosed an $80 million commitment to Stockbridge Niche Logistics Fund and a $20 million commitment to CBRE Strategic Partners US Value 9. The Stockbridge Niche Logistics Fund, an open-end core-plus vehicle, was launched in December 2020 with initial commitments of $352.75 million, according to an SEC filing. The strategy will invest across the supply chain of industrial assets, including truck terminals, outdoor storage and drop locks.