Los Angeles Fire and Police Pensions has completed the $55.5m (€47.9m) acquisition of a luxury US residential complex.
The pension fund disclosed in a board meeting summary of its latest private investments that it has acquired the Lofts at Atlantic Wharf residential complex in Boston via a separate account investment through its manager AEW Capital Management.
The seller was real estate investment trust BXP, formerly known as Boston Properties.
The fully-let residential complex, located at 530 Atlantic Avenue in downtown Boston, comprises 86 units for rent.
The separate account with AEW has a portfolio with a net asset value of $472m, according to information provided in a September 2025 board meeting.
The account’s portfolio includes a total of 10 investments across a combination of multifamily, retail, office and industrial assets.
Three assets in the portfolio have been earmarked for disposition between the fiscal years 2027 and 2029, including two multifamily complexes and one office asset.
AEW declined a request for comment on this transaction.
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