Boston Retirement commits $20M to two opportunistic real estate funds run by Kayne Anderson and AEW

The Boston Retirement System has made two commitments of $10 million each to real estate fund. These commitments were made on Dec. 18, according to meeting materials.

Kayne Anderson Real Estate Partners VII, a program of Kayne Anderson, is an opportunistic closed-end fund. It will invest in senior housing, medical office and student housing opportunities across the United States. It has a fundraising goal of $3 billion. Its predecessor, Kayne Anderson Real Estate Partners VI, closed at $2.75 billion, $250 million over its initial goal.

AEW Partners Real Estate X, a vehicle of AEW Capital Management, is an opportunistic closed-end fund focused on diversified properties across the United States. It has a maximum size of $2.5 billion. Its predecessor, AEW Partners IX, closed with $1.2 billion in equity.

AEW Capital Management
Tom Mullahey | Head of Western U.S. Acquisitions
AEW Capital Management
Joshua Heller | Head of Eastern U.S. Acquisitions, N.A.
Kayne Anderson Capital Advisors
Ken Carl | Senior Managing Director-Student/MF

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