Louisiana Teachers puts up to $100 million into private debt, real estate
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Louisiana Teachers Retirement System, Baton Rouge, made two new commitments totaling up to $100 million, said Dana T. Brown, director of public markets.
The $23.4 billion pension fund committed up to $75 million to Carlyle Credit Opportunities Fund II, a middle-market direct lending fund managed by
Carlyle Group, and up to $25 million to Cabot Industrial Value Fund VI, a value-added real estate fund managed by
Cabot Properties.
As of Dec. 31, the actual allocations to real estate and private market debt were 9% and 6%, respectively.
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Such is the demand for logistics warehouse investments that yields sub 4% are commonplace and investors are finding that they cannot source product to buy.
According to Savills latest Big Shed Briefing, investment volumes for distribution warehouses reached £4.7 billion in 2020, a 25% increase on 2019 figures and £500m higher than the previous watermark of £4.2 billion set in 2014. This is despite the fact capital markets all but ceased at the height of the initial Covid-19 lockdown.
In relation to the pandemic, Savills notes that 76% of all capital was deployed in the second half of the year once trading could resume in a Covid-secure manner.
Home products firm looks to DFW Airport for new shipping hub
Litex Industries plans new office and warehouse at the south end of airport.
DFW International Logistics Center was started in 2017.(Stream Realty Partners )
A major building products firm is eyeing a big distribution center at DFW International Airport.
Grand Prairie-based Litex Industries designs, manufactures and sells home products including ceiling fans, light fixtures and other offerings.
The company is based on West Trinity Boulevard in Grand Prairie.
Now Litex Industries is looking at a larger office and distribution center in the DFW International Logistics Center at 901 20th Avenue at the airport, according to planning documents filed with the state.