Oregon Public Employees Retirement Fund (PERF) has approved a $150m (€145m) commitment to Sculptor Diversified Real Estate Income Trust, Rex Kim, Oregon Investment Council’s CIO disclosed in a meeting document.
The Sculptor Income Trust, a non-publicly traded real estate investment trust (REIT), will target assets including gaming properties, hotels and senior housing.
The REIT’s manager Sculptor Real Estate – known for investing in opportunistic real estate – has offices in New York, London, Hong Kong and Shanghai. Sculptor did not respond to a request for comment.
Oregon PERF backed Sculptor in 2020 with a $150m commitment to the Sculptor Real Estate Fund IV fund.
The Oregon Investment Council declined a request for further comment on the latest commitment.
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