The Empire State builder

For 20 years, the $80 billion New York State Teachers' Retirement System has been an active investor in real estate.

Select fund commitments

FUND STRATEGY FUND COMMITMENT
SIZE ($M) ($M)
Essex Apt. Value-add Fund II Opportunistic/ $265 $50
value-add
DLJ RE Capital Partners III Opportunistic $1,000 $75
ING Development Fund II Opportunistic $150 $30
Lone Star Fund V Opportunistic $5,000 $135
Rockwood Fund V Opportunistic/ $460 $50
value-add
Westbrook Fund VI Opportunistic $750 n/a

Portfolio Snapshot

First year invested in private equity real estate: 1985
Fund geography: Global
Private equity real estate strategies: Core, opportunistic, value added
Sectors targeted: Diversified
Total funds under management: $80.3 billion
Total real estate assets: $5.5 billion
Current allocation to real estate: 6.8%
Target allocation to real estate: 8.0%