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The Baltimore Fire and Police Employees Retirement System (F&P) recently made commitments of $45 million to three real estate investment programs: Madison International Real Estate Liquidity Fund IX, Sculptor Real Estate Fund V, and Starwood Distressed Opportunity Fund XIII. Each program received $15 million. The commitments were made at the retirement city’s board meeting Sept. 17, according to the meeting minutes published Oct. 15.
Madison International Realty’s Madison International Real Estate Liquidity Fund IX is a closed-end, core fund focused on diversified properties in the global market.
Sculptor Real Estate Fund V, from Sculptor Capital Management, is a closed-end, opportunistic fund focused on debt and equity investments in hotel, land, multifamily, retail, senior housing, CBD offices, debt, suburban offices and distressed properties, globally.
Starwood Distressed Opportunity Fund XIII, a vehicle from Starwood Capital Group, is a closed-end, opportunistic fund focused on diversified properties around the world.