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State Commits $300M to Two CRE Funds

TRENTON, NJ-The state's investment division has committed $200 million to Northwood's real estate fund and $100 million to Hammes' healthcare real estate fund.

By Antoinette Martin | Updated on November 27, 2013

TRENTON, NJ-The state of New Jersey will invest a total of $300 million with two real estate funds.

The state’s investment division, which is overseen by the NJ Investment Council, committed to:

  • a $200 million investment in the fourth offering of Northwood Investors’ real estate fund,  and
  • $100 million to Hammes Company Health Care’s first institutional real estate fund.

Northwood, which is based in New York, is looking to raise $800 million, according to Pere News, which means New Jersey will have a 25% stake. The state of Wyoming recently committed $150 million to the fund. 

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