N
orth Carolina Retirement Systems has pledged $350 million to two real‑estate vehicles: $200 million to LBA Logistics Value Fund X and $150 million to Harrison Street Real Estate Partners X. LBA Logistics Value Fund X, a core‑plus fund managed by LBA Realty, targets industrial and logistics assets and seeks $2.5 billion in capital; its predecessor, LBA Logistics Fund IX, closed with $1.4 billion equity, and LACERS added $50 million in May 2025. Harrison Street Real Estate Partners X, an opportunistic fund, aims for $3 billion to support diversified and build‑to‑rent projects; its prior iteration raised $2.5 billion.