Key Takeaways
- • The Maryland State Retirement and Pension System (MSRS) has committed $175 million to real estate funds, including vehicles managed by Abacus Capital Group and TA Realty.
- • Abacus Multi-Family Partners VII, a closed-end, value-added vehicle, received $100 million of the MSRS commitment.
- • Abacus Multi-Family Partners VII targets $2 billion in total fundraising, with the Oregon State Treasury and Indiana Public Retirement System also committed to the fund.
- • The fund's strategy centers on acquiring multifamily properties in relatively affordable markets and submarkets with favorable multifamily trends across the United States.
Summary
The Maryland State Retirement and Pension System (MSRS) has committed $175 million to real estate funds, including vehicles sponsored by Abacus Capital Group and TA Realty, according to Institutional Real Estate, Inc.
The largest portion, $100 million, went to Abacus Multi-Family Partners VII, a closed-end, value-added fund. According to Ask IRE.IQ, the market intelligence tool of Institutional Real Estate, Inc., the strategy focuses on acquiring multifamily properties with relative affordability in markets and submarkets showing favorable multifamily trends throughout the United States. The fund aims to raise $2 billion. The Oregon State Treasury and Indiana Public Retirement System have also committed capital to the vehicle.
The source also references Abacus Multi-Family Partners VI, the predecessor fund, which closed with $1.5 million in equity raised. The article does not provide further detail on the remaining portion of MSRS's $175 million commitment or on the terms of its TA Realty allocation, beyond noting that TA Realty's residential real estate fund is part of the commitment.
The largest portion, $100 million, went to Abacus Multi-Family Partners VII, a closed-end, value-added fund. According to Ask IRE.IQ, the market intelligence tool of Institutional Real Estate, Inc., the strategy focuses on acquiring multifamily properties with relative affordability in markets and submarkets showing favorable multifamily trends throughout the United States. The fund aims to raise $2 billion. The Oregon State Treasury and Indiana Public Retirement System have also committed capital to the vehicle.
The source also references Abacus Multi-Family Partners VI, the predecessor fund, which closed with $1.5 million in equity raised. The article does not provide further detail on the remaining portion of MSRS's $175 million commitment or on the terms of its TA Realty allocation, beyond noting that TA Realty's residential real estate fund is part of the commitment.
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