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The Arkansas Teacher Retirement System (ATRS) has committed $100 million to Carlyle Property Investors and $100 million to Ares Industrial Real Estate Fund, as of April 7, 2025, according to meeting materials.

Carlyle Property Investors (CPI), a vehicle of Carlyle, is an open-end, core-plus real estate fund, with a focus on diversified properties in the United States.

Ares Industrial Real Estate Fund, a vehicle of Ares Management, is an open-end fund that targets class A and class B industrial assets in the United States.