Anna-Marie Beal
The $11bn institution has invested in Sabal Debt Opportunities Fund III.
The $11bn pension fund will be launching searches for managers imminently.
The system has rebalanced its portfolio, increasing its private real estate debt target and decreasing that of its core real estate by 2% each way.
Tishman Speyer purchased 422 Fulton Street, a Brooklyn mixed-use property housing a Macy’s department store, in 2015.
JPMorgan Chase structured the transaction via Freddie Mac’s Multifamily Q series.
The firm is stepping into areas that were once more prominently the domain of banks.
The Toronto-based manager has formed a partnership with Declaration Partners to fund preferred equity investments.
The Houston-based REIT believes secular shifts are driving momentum around smaller retail assets.
The New York-based multifamily-focused manager will expand its lending via partnerships with other lenders and government-sponsored entities.
The Miami investment manager has a $1.2bn pipeline of lending deals on which it will execute over the next two years.