At a glance
- The pairing gives the plan one drawdown commitment to a $2 billion fund and one open-end allocation, a mix allocators can benchmark against their own 2027 real estate pipelines.
- The larger $100 million sleeve went to Abacus Multi-Family Partners VII, a closed-end value-added fund seeking $2 billion.
- The $75 million balance went to TA Realty Residential Real Estate Fund, an open-end core-plus vehicle investing across U.S. real estate.
The Maryland State Retirement and Pension System committed $175 million to two real estate funds, splitting the commitment between Abacus Capital Group's value-added multifamily fund and a TA Realty core-plus fund, IREI reported Oct. 28.
The pairing gives the plan one drawdown commitment to a $2 billion fund and one open-end allocation, a mix allocators can benchmark against their own 2027 real estate pipelines.
The larger $100 million sleeve went to Abacus Multi-Family Partners VII, a closed-end value-added fund seeking $2 billion. The fund targets relatively affordable multifamily properties in U.S. markets with favorable apartment trends, according to IREI's Ask IRE.IQ market-intelligence service. Oregon State Treasury and the Indiana Public Retirement System have also committed to the fund, IREI reported.
The $75 million balance went to TA Realty Residential Real Estate Fund, an open-end core-plus vehicle investing across U.S. real estate. The School Employees Retirement System of Ohio and the Illinois Municipal Retirement Fund are among its investors.
Ohio SERS committed $50 million to a TA Realty open-end core-plus multifamily fund earlier in October, as Private Wealth Daily previously reported.
Reported by the Who's investing desk from Institutional Real Estate, Inc. (IREI). Published . Corrections