Alameda Commits $50M to Real Estate

Approved by the Investment Committee, the Alameda County Employees’ Retirement Association (ACERA) will commit up to $50 million to Heitman Value Partners VI, a value-add real estate fund.

Heitman has an existing relationship with ACERA. ACERA also invests in HART, another fund managed by Heitman.

Investment consultant, Callan, assisted with the investment.

As of December 31, 2023, the Retirement Fund has a market value of $11.25 billion, allocating 6.9% of the 9% target allocation to real estate. 

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Written By: Jane Bailey, Marketing Associate

Jane Bailey is a Marketing Associate at Dakota.