TRS Puts Up Capital for Camden Property Multifamily Fund III
Teacher Retirement System of Texas (TRS) has created a US$ 450 million joint venture to invest in value-add properties across America. TRS is kicking in US$ 144 million in equity toward Houston-based Camden Property Trust’s Multifamily Fund III. TRS has invested in Camden funds before.
Camden Property will allocate US$ 36 million to the fund. Increasingly, pensions and public funds are partnering with real estate managers on joint funds to boost exposure and utilize expertise. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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