CalPERS Allocates $375M For CRE Investment
Included among the companies in the manager program are San Francisco-based investment company Rubicon Point Partners and Sack Properties, an S.F.-based multifamily investment company.
The CalPERS spokesperson declined to comment further on the allocation.
Other companies in the CalPERS program include BKM Capital Partners, Paragon Commercial Group and Pacshore Partners.
Since 2013, Rubicon and Canyon Catalyst Fund have jointly acquired several properties, including a 150K SF San Bruno, California, office complex and a 300K SF office property in San Mateo, California.
The Canyon Catalyst Fund has a current net asset value of $543.5M, according to IPE. In all, it will deploy up to $1B in urban markets up and down the West Coast.