What Every Employer Should Know
Helping New York / Equity Real Estate Investments
The Fund invests in New York State commercial real estate properties through a mix of investment structures such as joint ventures, commingled funds and club fund investments, as well as wholly owned properties. The Fund owns, in whole or in part, shopping centers, office buildings, residential properties and hotels.
Through these investment vehicles, the Fund has been able to acquire, develop, re-lease and reposition properties that are in need of upgrading with the goal of increasing property values. New York State properties, particularly those that are in central business districts, have rebounded in value from the recent economic downturn as investors seek to buy stabilized, in-fill assets in gateway cities such as New York.
The Fund has also invested in the development of workforce for-sale housing in the New York State and Tri-State regions.
Together with the New York City pension funds, the Fund invested in a club fund with a mandate to invest across all real estate asset classes, including office, multifamily residential and retail within the five boroughs. The Fund is committed to evaluating investment opportunities in New York provided the investments meet the diversification and actuarial needs of the portfolio.