PSERS commits $125m to Sterling United Properties I
Wednesday, October 28, 2026 · first reported by IREI
Sterling Organization's Sterling United Properties I CF, a closed-end core-plus vehicle, has received a $125 million commitment from PSERS, the Pennsylvania Public School Employees' Retirement System. The fund buys grocery-anchored shopping centers and targets $850 million in equity.
Earlier this year, the Santa Barbara County (Calif.) Employees' Retirement System put $7.5 million into it. In September 2026, Sterling Organization closed its purchase of a core portfolio of three grocery-anchored centers across California and Hawaii. PSERS held $90.9 billion in total assets as of June 30.
- Also named
- Sterling Organization
- Fund
- Sterling United Properties I CF
- Asset class
- Real estate
- Geography
- North America
The summary and fields above are extracted from the published reports and can contain errors. The linked articles are the source of record.
Coverage
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