Document library

ICM packet for April 1 2026 containing Callan's affordable housing real estate education Part 2 (open-end fund performance history, occupancy and rent growth analysis, investable types including LIHTC and Section 8), plus a Blue Owl First Lien Fund review (private credit/direct lending, not real estate). The packet also includes the ACERA real estate portfolio residential spotlight showing 75.6% market-rate multifamily and 1.5% affordable housing within the residential portfolio. Warren Equity Partners V ($60M real assets, delegated) also reported.

Townsend Group educational presentation on affordable housing real estate investment strategies for SCERS board. Covers LIHTC (Low Income Housing Tax Credits), NOAH (Naturally Occurring Affordable Housing), Section 8, and rent-regulated housing. Includes investment strategies, targeted returns, and historical performance. As of Q3 2025, 4.0% of SCERS' RE portfolio was affordable housing.

Staff informational memo disclosing four new RE commitments via delegated authority: Covenant Apartment Fund XII ($60M, Sun Belt multifamily value-add), Hines Rialto Credit Partners ($100M, office RE debt), EQT Europe Logistics Value Fund V (€65M, European industrial opportunistic), and ICG Metropolitan II ($60M, European urban industrial value-add).

Staff RFP seeking qualified managers for a private real estate equity open-end commingled fund focused on affordable housing; MEABF may commit up to ~$10M; Marquette Associates assisting.

Meketa Investment Group due-diligence summary memo on Greystar Essential Housing Fund I for ERSRI's non-core real estate allocation. Dated January 28, 2025.

Comptroller and Segal Marco Advisors recommend restructuring BERS's $29M PPAR affordable multifamily ETI program, expanding commitment to $70M, extending rate lock to 36 months, and delegating administration to Community Preservation Corporation.

Meketa Investment Group due-diligence summary memo on Belveron Partners Fund VII for ERSRI's non-core real estate allocation. Dated August 20, 2024.

NYCERS Board adopted the Responsible Property Management Standards (RPMS) policy in April 2024, requiring all prospective private real estate equity fund managers to commit to fair residential management practices.

Nuveen Real Estate First Look presentation on the U.S. Affordable Housing strategy to the CTPF Investment Committee on September 11, 2025.

CTPF investment staff client book for the MWDBE Real Estate Manager Search finalist presentations at the May 7, 2026 Investment Committee meeting, summarizing search process and finalist managers.

First Look presentation by Avanath Capital Management on the Avanath Renaissance Fund, an affordable multifamily real estate strategy, to CTPF on June 2, 2023.

Greystar Real Estate Partners First Look presentation on the Essential Housing Fund, a workforce/affordable multifamily strategy, to the CTPF Investment Committee on September 11, 2025.

First Look presentation by Jonathan Rose Companies on Rose Affordable Housing Preservation Fund VI to the CTPF Investment Committee First Friday on June 2, 2023.

CTPF investment staff cover memo for the September 11, 2025 First Look meeting featuring non-MWDBE real estate manager presentations (Greystar, Nuveen, Coastal Ridge).

First Look presentation by Greenlining Realty USA (Chicago IL), a MWDBE real estate firm focused on affordable and workforce housing, to CTPF on March 4, 2025.

First Look presentation by Preservation of Affordable Housing (POAH), a MWDBE affordable housing developer and manager, to the CTPF Investment Committee on June 2, 2023.

Monthly transaction report disclosing: NY affordable housing mortgage at 1770/1774/1786 Main St and 1040 Lafayette Ave Buffalo NY ($3.2M, 17-unit mixed-use renovation with Community Preservation Corp).

Monthly transaction report disclosing: GID Mainstay In-Kind Fund ($300M, Class B multifamily US, GID Multifamily Investment Management); Asana Partners Fund IV ($200M, value-add neighborhood retail/mixed-use in urban US); Blue Owl Real Estate Fund VII ($300M, closed-end net-leased RE backed by investment-grade tenants); Blue Owl RE Co-Invest (N) ($100M sidecar); multiple NY affordable housing mortgages in Geneva, Camillus, Albany.

Monthly transaction report disclosing: RFM-NYSCRF Affordable Housing Fund ($400M, domestic affordable housing fund-of-one by Related Fund Management, new relationship); Riverbank Apartments via JP Morgan Separate Account ($243.5M, 418-unit 44-story Manhattan West Side); Big Sky MOB via Heitman Separate Account ($49M, five-building medical office portfolio in 5 US markets).

Monthly transaction report disclosing: NY affordable housing mortgage at 3/6/15/18 Crescent Way Trumansburg NY ($2.1M, 46-unit renovation with Community Preservation Corp). No major fund closings in real estate.

Monthly transaction report disclosing new real estate fund commitments: Artemis Real Estate Partners Fund IV ($200M, value-add/opportunistic US closed-end fund); ComRef Williamsburg Loft Portfolio via MetLife Separate Account ($68M, 78-unit multifamily in Brooklyn NY). Also Raith Real Estate Fund III through GCM Grosvenor Emerging Manager program (up to $15M, debt/equity).

Monthly transaction report disclosing: NYSCRF Frontier Mach III ($400M, Artemis Real Estate Partners' emerging manager program, latest addition); affordable housing mortgage at 48 South Franklin St Nyack NY ($1.2M).

Monthly transaction report disclosing: Cortland Enhanced Value Fund VI ($300M, closed-end value-add multifamily Southeast/Southwest US); ComRef Mountain Park via LaSalle Investment Management Separate Account ($70.6M, 240-unit multifamily Phoenix AZ); affordable housing mortgage at 122 Cohoes NY ($4.7M via Community Preservation Corp).

Monthly transaction report disclosing: KKR Real Estate Partners Americas IV ($250M, closed-end diversified opportunistic fund targeting transitional/distressed real estate); multiple NY affordable housing mortgages in Penn Yann, Ithaca, Poughkeepsie, and Johnson City NY.

Monthly transaction report disclosing: The Holston via LaSalle Separate Account ($88.4M, 238-unit multifamily garden style in Weaverville NC); multiple NY affordable housing mortgages in Rochester, Syracuse (via Community Preservation Corp). Infrastructure: Stonepeak Opportunities Fund ($250M), Castlelake Aviation V Stable Yield ($250M).

Monthly transaction report disclosing affordable housing mortgages in Ithaca, Lake Placid, Schenectady, and Poughkeepsie NY (via Community Preservation Corp). No major fund closings in real estate this month.

Greystar Real Estate Partners fund presentation for Rhode Island SIC on Essential Housing Fund I, an opportunistic multifamily development fund using modular construction to deliver attainable housing at 70–90% AMI.

Belveron Partners investor presentation for ERSRI on Fund VII, a value-add fund targeting acquisition and preservation of regulated 'Capital A' affordable housing including Project Based Section 8 properties.

ERSRI staff recommendation memo approving up to $25M commitment to Greystar Essential Housing Fund I, a value-add/opportunistic multifamily development fund targeting attainable housing for residents at 70–90% AMI. Meeting date February 26, 2025.

ERSRI staff recommendation memo approving up to $20M commitment to Belveron Partners Fund VII, a value-add closed-end fund focused on 'Capital A' regulated affordable housing (Section 8 and deed-restricted properties) across the U.S. Meeting date August 28, 2024.