TMRS, Transwestern Investment Group Form CRE Partnership

Transwestern Investment Group and the Texas Municipal Retirement System (TMRS) entered into a strategic relationship involving a $250 million commitment for real estate investments. The investments, themselves, will include discretionary vehicles and separately managed accounts investing in core, core-plus and value-add strategies in major markets across the U.S. targeting industrial, multifamily, office, retail and healthcare.

The mandate is the latest, new assignment for TIG, which manages real estate investments for U.S. and international institutions, including the State of Michigan Retirement System and State Farm Life Insurance Co. TMRS is a statewide retirement system providing benefits for employees of participating Texas cities.

Charles Hazen with the Houston-headquartered TIG indicated that the program offers “enhanced visibility, control and cost efficiency to invest across multiple real estate investment risk/return profiles through TIG’s national operator platform.”

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