Arizona State Retirement System has approved a new $100m (€83.9m) allocation to its real estate investment trust (REIT) manager CenterSquare Investment Management.
The pension fund told IPE Real Assets that the amount will be added to the $121m already being managed by the REIT manager.
CenterSquare declined a request for comment.
CenterSquare recently made a $118m commitment to global cold-storage REIT Lineage Logistics, an investment that follows an $85m CenterSquare made in the same company last fall, according to sources.
Arizona State Retirement said it has also approved a new commitment to Related Fund Management by investing an initial $35m into a real estate operating company for a revolving credit facility and plans to invest up to $150m in future.
The pension fund declined to disclose the name of real estate operating company.
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