Maryland State Retirement and Pension System commits $100 million to TruAmerica Workforce Housing Fund II

3/4/2025

|

IREI

• Subcategory: Capital Markets: Fund, MF: Market Rate

• Tag: Investment

• Additional Filters-Subcategory: Capital Markets: Fund-Value Added

• Additional Filters-Tags: MF: Attainable-Workforce Housing

• Company: TruAmerica Multifamily, Maryland State Retirement and Pension System (SRPS)

The Maryland State Retirement and Pension System (SRPS) has committed $100 million to TruAmerica Multifamily’s Workforce Housing Fund II, as of Dec. 31, 2024.

The TruAmerica Workforce Housing Fund II is a value-added, closed-end fund, investing in multifamily properties in the United States. It has a fundraising goal of $800 million. Its predecessor, TruAmerica Workforce Housing Fund, had a fundraising goal of $400 million and closed with $575 million in equity.