San Luis Obispo commits $30m to open-end value-add real estate

The $1.2 billion San Luis Obispo County (Calif.) Pension Trust has committed $30 million to American Realty Advisors’ American Strategic Value Realty Fund, an open-end value-added real estate fund, confirms Carl Nelson, executive secretary and chief investment officer with SLOCPT.

SLOCPT was looking for further diversification of its real estate portfolio, and value-add real estate was the next step in that process, according to Nelson.

American Realty Advisors’ ASVRF invests throughout the United States and targets all the major property types, looking to add value to assets at many different stages of the investment cycle. It targets an 11 percent to 13 percent annual net return, according to IREI’s FundTracker Database.

The fund recently received a