Connecticut Retirement Plans considers $75m commitment

The US public pension considers backing a domestic fund.

Connecticut Retirement Plans and Trust Funds is considering an investment of up to $75 million in Crow Holdings Realty Partners VIII, which is being formed to invest in core and non-core real estate properties across the country, including multi-family apartments, industrial warehouses, shopping centers, hotels, office buildings, medical office buildings and convenience and gas stations.

The $32 billion US public pension has a 7 percent target allocation to real estate that currently stands at 7.6 percent.

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