C
onnecticut Retirement Plans and Trust Funds is weighing a significant real estate investment, with its board considering new commitments worth $450m (€403.8m). The pension fund's document reveals two potential investments.

    Firstly, it is looking to invest $150m in US grocery-anchored shopping centres via a Sterling Organization-managed fund. This fund aims to raise $600m and target an internal rate of return between 8% and 10%.

    Separately, the pension fund is considering a $300m commitment to TA Realty's open-ended core US real estate fund. Specifically, it plans to allocate $200m in 2025 and $100m over subsequent years.

    As of year-end 2024, the TA Realty Core Property Fund had a net asset value of $5.7bn, with TA Realty holding an 18% co-investment stake. Launched in 2018, the fund has diversified its portfolio across industrial, retail, multifamily and self-storage properties.