The Pennsylvania State Employees Retirement System plans to invest up to $175 million in two new value-added real estate funds. The pension fund plans to invest up to $100 million in DRA Growth and Income Fund VIII and up to $75 million in Exeter Industrial Value Fund III.
Exeter Industrial Value Fund III is anticipated to be $675 million. It is Exeter’s third in a series of closed-end commingled real estate funds investing in the industrial real estate sector and targeting value-added returns that include a large component (two-thirds of total return) of income yield
www.omegare.com
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