Justin Slaughter
The city’s five pension funds had a total of $186.97bn in assets as of August.
The fund targets a CMBS market facing regulatory pressure and a ‘limited universe’ of B-piece buyers.
The IPO was priced at $20 per share of common stock of TRTX.
The Canadian pension plan's real estate portfolio returned above its benchmark for the most recent fiscal year.
The former co-head of credit at Lone Star Funds will lead the new joint venture.
The Brookfield vehicle has so far brought in $2.43bn and is targeting $3bn – nearly double the size of its predecessor.
The asset manager’s credit businesses had $29bn in assets as of the first quarter of 2017.
Performance drivers included office portfolios in Paris, London and in Australia and senior retirement and healthcare portfolios in Canada and the UK.
Teachers' Retirement System of the State of Illinois provided a $100m commitment.
Construction on the high-end development has started and first sales are expected early 2018.
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