Texas County & District Retirement System invested $100.0 million into a $500.0 million U.S. residential fund set up by FPA Multifamily, IPE Real Assets reported, citing a statement on the pension fund's website.
According to the report, FPA Core Plus Fund IV plans to invest in value-add assets with strong existing income.
FPA Multifamily did not offer a comment on the matter, the publication noted.
