trending Market Intelligence /marketintelligence/en/news-insights/trending/i2a8kwiimqonms1rlazpya2 content esgSubNav
In This List

Texas pension fund invests $600M in Brookfield, Almanac Realty RE funds

Blog

Using ESG Analysis to Support a Sustainable Future

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective


Texas pension fund invests $600M in Brookfield, Almanac Realty RE funds

Teacher Retirement System of Texas is investing $600 million in real estate investment vehicles managed by Brookfield Asset Management Inc. and Almanac Realty Investors LLC, IPE Real Assets reported.

The pension fund approved a $300 million pledge to Brookfield Strategic Real Estate Partners III, Brookfield's latest global opportunity fund, and will invest $150 million in Almanac Realty Securities VIII, with an equal amount for a co-investment in the fund.

Almanac is eyeing a capital raise of $1.2 billion for Realty Securities VIII, which is aiming for a net internal rate of return of 12% to 14%.