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.

To read the latest edition of the latest IPE Real Assets magazine click here.