California State Teachers’ Retirement System (CalSTRS), one of the largest US pension funds, has committed a total of $325 million to Asia-focused real estate funds managed by PAG and Greystar.
In its 2022 semi-annual report, CalSTRS said it committed $200 million to PAG Real Estate Partners (PREP) III and another $125 million to Greystar EP Asia I through its real estate programme.
