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CalPERS allocates an additional USD430m to US apartment partnerships

An additional USD430 million in funds has been allocated to existing US apartment partnerships by the California Public Employees Retirement System (CalPERS), according to a report by I&PE Real Assets.

Institutional Multifamily Partners a USD5.2 billion partnership with GID Investment Advisors has been allocated USD350 million by the USD496 billion pension fund, while Pacific Multifamily Investors, a USD1.7 billion partnership with Pacific Urban Residential, has received USD80 million.

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