California State Teachers’ Retirement System (CalSTRS) committed $200 million directly with Jair Lynch Real Estate Partners according to the pension fund’s diversity in the management of investments report.
The firm specializes in redeveloping urban markets in the Washington D.C. area. CalSTRS was introduced to Jair Lynch through the MacFarlane Emerging Manager Fund in 2006. The success of the Jair Lynch investment paved the way for CalSTRS willingness to make a direct commitment.
The $225 billion US public pension has an 12 percent target allocation to real estate that currently stands at 12.57 percent.
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