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Texas ERS re-ups RE investments

The US pension plan made $115 million to three real estate funds.

Employees Retirement System of Texas (Texas ERS) has invested $50 million in DRA's Growth and Income Fund IX, $40 million in Wheelock's Street Real Estate Fund V and $25 million in Pennybacker Capital’s Pennybacker IV.

Currently, the it allocates 9 percent of its portfolio to real estate investments.

Platinum subscribers may click here for retirement system’s full profile, including key contacts, allocation strategy and fund investments.