At a glance
- The fund buys multifamily and residential properties in the US with an affordable-housing focus and launched in late 2022 with a $1 billion equity target, according to Ask IRE.IQ.
- Alaska Permanent Fund Corp. committed $300 million in 2022, equal to 30% of the fund's $1 billion target, making subscription and redemption terms a central diligence item for new investors.
- ACERA's $25 million commitment equals roughly 3% of its $831.6 million real estate book, which stood at 5.9% of the $14 billion plan, below its 8.2% target, as of March 31.
Alameda County Employees' Retirement Association committed $25 million to the Fairfield Affordable Housing Preservation Fund, an open-end core-plus vehicle managed by Fairfield, IREI reported Nov. 12.
The fund buys multifamily and residential properties in the US with an affordable-housing focus and launched in late 2022 with a $1 billion equity target, according to Ask IRE.IQ.
Alaska Permanent Fund Corp. committed $300 million in 2022, equal to 30% of the fund's $1 billion target, making subscription and redemption terms a central diligence item for new investors.
ACERA's $25 million commitment equals roughly 3% of its $831.6 million real estate book, which stood at 5.9% of the $14 billion plan, below its 8.2% target, as of March 31.
Reported by the Who's investing desk from Institutional Real Estate, Inc.. Published . Corrections