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Nystrs Backs Non-core Real Estate Funds, Extends Reit Account | News | Ipe Ra

by realassets.ipe.com posted 3weeks ago 16 views
NYSTRS extends contract with Adelante as REIT manager for another 12 months. : New York State Teachers Retirement System (NYSTRS) has approved commitments worth $210m (€188.1m) for three new non-core real estate funds and has extended a management contract with Adelante Capital Management. At its board meeting, the pension fund said it approved $50m each into Rockpoint Growth & Income Fund III and Rockpoint Real Estate Fund VI and $110m into Westbrook Real Estate Fund XI. As previously reported, Rockpoint Group is planning a $3.25bn capital raise for its sixth opportunistic real estate fund, which will follow on from its $3.28bn predecessor.

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