San Francisco, CA: Ellis Partners announced today that it has closed a new separate account investment vehicle with a $200 million equity commitment from the New York State Common Retirement Fund (“NYSCRF”). The joint venture will focus on acquiring and managing core office, industrial and retail properties in the San Francisco Bay Area. Ellis Partners received the direct investment from NYSCRF after being selected as a successful graduate of NYSCRF’s emerging manager program.
“We are honored to have this opportunity to continue our work with NYSCRF in this new long-term venture. We look forward to working with the Bay Area real estate investment community to identify well leased core assets with durable long-term cash flow in locations that reflect the Bay Area of the future,” said Melinda Ellis Evers, Managing Principal.
“We are excited to be able to augment the scope of real estate investing we’ve been implementing for many years and look forward to building a world class portfolio for the third largest public pension fund in the U.S.” added Jim Ellis, Managing Principal.