San Mateo Employees’ Retirement Association Commits $30M to Real Estate

The San Mateo Employees’ Retirement Association (SamCERA) approved a $30 million commitment to Real Estate at the September 26 board meeting.

$30 million was committed to Cerberus Institutional Real Estate Partners VI.

As of June 30th, 2023, the $6.1 billion Retirement System has an actual allocation of $527 million, approximately 8.8% of their holdings, to Real Estate, with their target allocation being 9.0%.

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