September 8, 2016 Comments Off on CalSTRS Commits $200M to DivcoWest Views: 299 Bay Area, California News, West

CalSTRS Commits $200M to DivcoWest

San Francisco-based DivcoWest Properties received a $200-million commitment from the California State Teachers Retirement System (CalSTRS) to its commingled DivcoWest Fund V. The investment was made as part of CalSTRS’ value-add real estate portfolio, which seeks investment opportunities, in targeted markets, that focus on office and R&D assets.

Among the selected target markets are the San Francisco Bay Area, Seattle, Boston, Austin and Washington, D.C. The commitment would give the investor a 13% stake in the fund that’s targeting a $1.6-billion capital raise this year.

Other recent large public pension fund commitments to DivcoWest include Oregon Public Employees Retirement Fund ($250 million) and Teacher Retirement System of Texas ($200 million).

Read More at The Registry

Connect with CalSTRS

Connect with DivcoWest

For comments, questions or concerns, please contact Dennis Kaiser

Share on FacebookTweet about this on TwitterShare on LinkedInEmail this to someone

Tags: , , , , ,

Comments are closed.